China's industrial profits to hit 800 billion yuan

Home>>Business

Last updated at: (Beijing Time) Monday, December 29, 2003

China's industrial profits to hit 800 billion yuan

China's large and medium-sized industrial enterprises are expected to generate over 800 billion yuan (96.4 billion dollars) in profits this year, up 240 billion yuan (28.9 billion dollars) from 2002.

DISCUSSION

CHINESE

SEND TO FRIEND

China's large and medium-sized industrial enterprises are expected to generate over 800 billion yuan (96.4 billion dollars) in profits this year, up 240 billion yuan (28.9 billion dollars) from 2002.

The comprehensive economic returns index of such enterprises had reached 143.18 by the end of November, 13.95 points higher than the same period last year, while losses incurred in the sector fell by 1.9 percent to 100.4 billion yuan (12.1 billion dollars), said Zhu Hongren, an official with the State Development and Reform Commission (SDRC).

Major large and medium-sized state-owned enterprises (SOEs) had become an important force to boost industrial profits growth, amid rapid development of the private economy, Zhu said.

During the first 11 months, profits of SOEs and state-holding companies jumped by 50 percent from last year to 347.4 billion yuan (41.9 billion dollars).

Share-holding enterprises and foreign-funded companies saw rapid expansion, posting profits of 331.8 billion yuan (39.9 billion dollars) and 239.7 billion yuan (28.9 billion dollars) respectively.

Around 42.4 billion yuan (5.1 billion dollars) was turned in by collective enterprises.

Questions?Comments? Click here

Industrial profits shoot 46%

China Sees 57% Industrial Profits Growth in First Half Year

China's Industrial Profits Retain Fast Growth

World's second large desert thrown on green scarf ( 3 Messages)

China offers emergency humanitarian aid to Iran ( 5 Messages)

Will China's rise trigger Sino-US confrontation? ( 24 Messages)

"Tree direct links" provide more security guarantee for Taiwan people ( 4 Messages)

Gas field blowout kills 191in SW China, 290-odd hospitalized ( 22 Messages)