BEIJING, March 17 (Xinhuanet) -- Following is the full text of the Report on the Implementation of the 2003 Plan for National Economic and Social Development and on the 2004 Draft Plan for National Economic and Social Development, delivered at the Second Session of the Tenth National People's Congress on March 6, 2004:

    REPORT ON THE IMPLEMENTATION OF THE 2003 PLAN FOR NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT AND ON THE 2004 DRAFT PLAN FOR NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT

    Ma Kai Minister in Charge of the National Development and Reform Commission

    Fellow Deputies,

    As entrusted by the State Council, I am now reporting to this session on the implementation of the 2003 Plan for National Economic and Social Development and on the 2004 Draft Plan for National Economic and Social Development. I am presenting these to you for your examination and approval and also for comments and suggestions from members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).

    I. Implementation of the 2003 Plan for National Economic and Social Development

    Acting in accordance with the resolution on economic and social development adopted at the First Session of the Tenth National People's Congress (NPC), the people of all our ethnic groups vigorously worked under the leadership of the Communist Party of China (CPC) to promote reform, opening up and the modernization drive over the past year. We won a great victory in the fight against the severe acute respiratory syndrome (SARS), and we overcame natural disasters and other difficulties. Our national economy had rapid growth, good performance and strong vitality, and we successfully attained our main targets for economic and social development.

    1. The economy grew rapidly, and economic efficiency improved significantly. China's GDP hit 11.6694 trillion yuan in 2003, a 9.1% increase over the previous year. Per capita GDP rose to 9,030 yuan, exceeding the important benchmark of US$1,000 for the first time when calculated at the present exchange rate. Growth of domestic demand was accelerated. Investment in fixed assets for the whole country was 5.5118 trillion yuan, a year-on-year increase of 26.7%. Retail sales of consumer goods totaled 4.5842 trillion yuan, up 9.1%. Consumer prices rose by 1.2%.

    Economic efficiency improved in step with economic growth. Government revenue for the entire country was 2.17 trillion yuan, 14.7% more than the previous year. Economic efficiency in the industrial sector reached a record high. Total profits of state-owned and large non-state owned industrial enterprises were 815.2 billion yuan, an increase of 42.7%, 22 percentage points greater than the previous year. State-owned enterprises and enterprises with the controlling stake held by the state generated 378.4 billion yuan in profits, an increase of 45.2%. Of the industrial products made last year, 98.1% were sold.

    2. Structural adjustment was vigorously carried forward, and economic vitality continued to improve. The acreage devoted to high-quality crop varieties increased. The acreage sown to high-quality special wheat accounted for 38% of China's total acreage sown to wheat, 7 percentage points higher than the previous year. Principal crops were further concentrated in the areas with the most suitable conditions. The livestock and fishery industries continued to develop, and the output of dairy products increased by 25%. Smooth progress was made in major agricultural, forestry and water control projects. Manufacturing industries with a high technological content led industrial growth. The production of electronic and information products grew by 34%. Treasury bonds continued to play a major role in promoting structural adjustments. A number of projects of great importance for long-term economic and social development were completed and put into operation, and they performed well. Water was successfully stored in the Three Gorges Reservoir; permanent locks on the Three Gorges Project wereopened to navigation; and the project's first set of generators began producing power. Construction was started on the eastern andcentral routes of the South-to-North Water Diversion Project. An additional 46,000 kilometers of highways and 1,164 kilometers of newly completed railway lines were opened to traffic. The power industry developed more quickly. The country produced 1.9 trillionKWH of electricity in 2003, 15.5% more than in 2002. The generating capacity of newly started projects and projects put into operation during the year each totaled more than 30 million KW. Tertiary industry continued to develop, and some new service industries expanded rapidly. The number of telephone subscribers reached 532 million, a year-on-year increase of 112 million.

    Economic growth was driven to a greater degree by internal momentum. The total amount of funds invested by enterprises from their own resources for technological upgrading increased by 30.2%.The non-state sector of the economy invested actively. Investment from collective and individually-owned businesses grew by 22.9%, 6.1 percentage points greater than the previous year. Exports from collective and private businesses rose by 83.1%, contributing significantly to the rapid growth of China's exports.