|Industrial Introduction of China
New China’s industry had very little to start with. In 1949 it had accumulated only 12.4 billion yuan in fixed assets, and industrial products were very few: the output of yarn was 327,000 tons, and that of raw coal 32 million tons. Most finished industrial products were imported at that time.
Aeronautics and Astronautics
China's aeronautics and astronautics industry was established in the 1950s. At Xi'an, Shanghai, Shenyang and Chengdu, respectively, there are four large airplane manufacturing bases, capable of producing civilian and military aircraft.
Electronic Information Industry
Since 1978, China's electronic information industry has been advancing at a high speed, having far-reaching and favorable influence on other branches of the national economy.
China's heavy industry includes the energy, iron and steel, machinery and chemical industries. In 1999, the added value produced by heavy industry in state-owned enterprises and industrial enterprises above a certain scale amounted to 1,161.7 billion yuan. Among coal, petroleum and electric power, coal is the major energy source.
Light and Textile Industries
Light industry in China includes 40-odd sectors, including paper-making, daily-use mechanical devices, salt production, foodstuffs, silicates for household use, plastics, electro-optical sources, household chemical products, metal products, household appliances, and leathers and furs-a total of more than 300,000 varieties.