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GDP growth was positive, although the actual rate was several percentage points below that which was reported. Price declines appear to be moderating. Budget deficits and national debt remain manageable, and the overall position in foreign trade, foreign debt, foreign investment and foreign reserves is excellent.
China's economic performance has fallen short in the critical area of job creation, primarily in the services sector. National employment growth in this sector stayed below 1% in 2000 and even slowed slightly from 1999. This continued a 3 year long trend. In 1998 and 1999, employment in industry declined but employment in agriculture actually increased, indicating the share of employment in services has hardly changed...
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