6. The consumer price rose moderately and the month-on-month change of producer prices for industrial goods shifted from decrease to increase.
In 2016, the consumer price went up by 2.0 percent over last year, the same level as that in the first three quarters. Specifically, the price went up by 2.1 percent in urban areas and up 1.9 percent in rural areas.
Grouped by commodity categories, prices for food, tobacco and liquor went up by 3.8 percent; clothing up by 1.4 percent; residence up by 1.6 percent, household facilities, articles and services up by 0.5 percent; transportation and communications down by 1.3 percent; education, culture and recreation up by 1.6 percent; health care and medical services up by 3.8 percent; and miscellaneous goods and services up by 2.8 percent.
In terms of food, tobacco and liquor prices, grain went up by 0.5 percent, pork up by 16.9 percent and fresh vegetables up by 11.7 percent. In December, the consumer prices went up by 2.1 percent year-on-year, or up by 0.2 percent month-on-month. In 2016, the producer prices for industrial products went down by 1.4 percent compared with last year. After 54 consecutive months of decline which ended in September, year-on-year growth continued to expand. The year-on-year growth in December was 5.5 percent and the month-on-month growth was 1.6 percent. The purchasing prices for manufactured goods was down by 2.0 percent compared with last year and in December, it was up by 6.3 percent year-on-year and up 1.9 percent month-on-month.
7. Residents' income increased steadily and rural-urban disparity continued to narrow.
In 2016, the nationwide per capita disposable income of residents was 23,821 yuan, a nominal growth of 8.4 percent over last year, or a real increase of 6.3 percent after deducting price factors.
In terms of permanent residence, the per capita disposable income of urban households was 33,616 yuan, up by 7.8 percent, or a real growth of 5.6 percent after deducting price factors. The per capita disposable income of rural households was 12,363 yuan, up by 8.2 percent, or 6.2 percent in real terms after deducting price factors. The per capita income of urban households was 2.72 times of the rural households, 0.01 less than last year. The median of the nationwide disposal income was 20,883 yuan, a nominal increase of 8.3 percent.
Taking the per capita disposable income of nationwide households by income quintiles, that of the low-income group reached 5,529 yuan, the lower-middle-income group 12,899 yuan, the middle-income group 20,924 yuan, the upper-middle-income group 31,990 yuan, and the high-income group 59,259 yuan.
In 2016, the nationwide per capita consumption expenditure was 17,111 yuan, a nominal increase of 8.9 percent, or a real increase of 6.8 percent after deducting price factors. The number of rural migrant workers in 2016 totaled 281.71 million, which was 4.24 million more than last year, or up by 1.5 percent. Specifically, the numbers of local and outside migrant workers were 112.37 million and 169.34 million respectively, up by 3.4 and 0.3 percent. The average monthly income of migrant workers was 3,275 yuan, up by 6.6 percent.
8. The supply-side structural reform has achieved positive progress and the economic structure continued to be optimized.
The efforts of cutting overcapacity, reducing inventory, deleveraging, lowering costs and strengthening weak links have achieved notable results. The industries of steel and coal have successfully fulfilled the task of cutting overcapacity in 2016 and the output of coal in 2016 dropped by 9.4 percent over last year.
At the end of November, the inventories of manufactured products of industrial enterprises above the designated size grew by 0.5 percent year-on-year, 4.1 percentage points slower than the same period last year. The inventories of commercial buildings continued to decrease, and at the end of December, the floor space of commercial buildings for sale was 23.14 million square meters less than that at the end of 2015.
The asset-liability ratio and the cost of industrial enterprises both decreased to some extent. By the end of November, the asset-liability ratio of the industrial enterprises above the designated size was 56.1 percent, 0.6 percentage point lower than the same period last year. For the first eleven months, the cost for per-hundred-yuan turnover of principal activities of the industrial enterprises above the designated size was 85.76 yuan, 0.14 yuan less compared with the same period last year.
Investment in weak areas grew rapidly. In 2016, investment in ecological protection and treatment of environmental pollution went up by 39.9 percent over last year; management of water conservancy was also up by 20.4 percent; agriculture, forestry, animal husbandry and fishery combined were up by 19.5 percent. Respectively they are 31.8 percentage points, 12.3 percentage points and 11.4 percentage points faster than the total investment.
The economic structure continued to transform and upgrade. The industrial structure was optimized and transformed. In 2016, the value added of the tertiary industry accounted for 51.6 percent of GDP, 1.4 percentage points higher over last year, 11.8 percentage points higher than that of the secondary industry.
The demand structure was further improved. In 2016, the contribution of final consumption expenditure to GDP accounted for 64.6 percent. The strategy of innovation-driven development was further implemented, and a series of achievements in areas like space stations, spacecraft, rockets, quantum communications, high-speed computing, space detection, and large aircraft have kept developing.
The new driving forces have grown fast. The value-added of strategic emerging industries went up by 10.5 percent over last year, 4.5 percentage points higher than that of industrial enterprises above the designated size. Solid progress was made in business startups and innovation by the general public. The number of newly registered enterprises nationwide was 5.53 million, up by 24.5 percent over last year, an average of 15 thousand each day.
The business climate index of industrial enterprises of small and micro-size has picked up. The business climate indexes from the first quarter to the fourth quarter were 87.2, 90.6, 92.0 and 93.3 respectively. Notable progress was made in energy conservation and consumption reduction. In 2016, the energy consumption per unit of GDP decreased by 5.0 percent over last year. In particular, the percentage of clean energy consumption, including the consumption of hydropower, wind power, nuclear power and natural gas increased by 1.6 percentage points over last year.
9. Money and credit supply maintained stable growth, and loans increased year-on-year.
By December, the balance of broad money (M2) was 155.01 trillion yuan, annual growth of 11.3 percent; the balance of narrow money (M1) increased 21.4 percent to 48.66 trillion yuan, while cash in circulation (M0) grew to 6.83 trillion yuan, a rise of 8.1 percent. At the same time, the amount of outstanding RMB bank loans hit 106.6 trillion yuan; that of RMB deposit reached 150.59 trillion yuan. Last year, RMB bank loans increased by 12.65 trillion yuan, with a growth of 925.7 billion yuan compared to 2015; RMB deposit growth fell by 92.4 billion yuan to 14.88 trillion yuan. Social financing last year rose by 17.8 trillion yuan.
10. Population grew at a stable rate and urbanization gathered steam.
By year-end, the mainland population stood at 1.38 billion (including 31 provinces, autonomous regions and municipalities, and servicemen in CPLA; but excluding residents in Hong Kong SAR, Macao SAR, Taiwan Province and overseas Chinese), an increase of 809 million year-on-year. In 2016, there were 17.86 million births, an increase of 1.31 million, giving a birth rate of 12.95 per thousand; the number of deaths was 9.77 million, giving a death rate of 7.09 per thousand. Thus, the natural growth rate was 5.86 per thousand, an increase of 0.9 per thousand. Regarding gender, the male population totaled 708.15 million and female population 674.56 million, producing a sex ratio of of 104.98 males to100 females. The working-age population in the age group 16-59 (inclusive) was 907.47 million, accounting for 65.6 percent of total population. The population aged 60 and over was 230.86 million, 16.7 percent of total population; population aged 65 and over was 150.03 million, or 10.8 percent of the total. In terms of the urban-rural structure, permanent residents in urban areas stood at 792.98 million, an increase of 21.82 million over the previous year; there were 589.73 million rural residents, a decrease of 13.73 million. The proportion of the urban population to the total population (urbanization rate) was 57.35 percent. The population residing in areas other than that of their household registration, and doing so for over six months reached 292 million, which was 2.03 million less than the previous year. Specifically, the floating population was 245 million, or 1.71 million less than that at the end of 2015. At the end of 2016, the total number of employed persons was 776.03 million and the number of urban employed persons reached 414.28 million.
Generally speaking, the national economy in 2016 run within a proper range with improved quality and efficiency. I'll conclude my introduction here, thank you.