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Economy, Industry

complex products, state-owned enterprises, airplanes, satellites, automobiles

Manufacturing, mining, and construction constitute China’s industrial sector. In the 1980s industrial production increased by an average annual rate of 11.1 percent, and in the period from 1990 to 1996 it grew by an annual rate of 17.3 percent, the fastest pace in the world. China’s manufactures are diverse and include such complex products as airplanes, ships, automobiles, satellites, and modern industrial equipment. However, many production facilities are outmoded and inefficient, and many state-owned enterprises operate at a loss.

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complex products, state-owned enterprises, airplanes, satellites, automobiles, ships, mining, percent, loss, world, construction, Manufacturing, production facilities

 
 

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