Chinese enterprises maintain steady growth, Standard & Poor's

Standard & Poor's, a world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data, and valuations, released the report of Chinese top 100 enterprises: Chinese economy undergoing transformation on July 28 in Beijing, which holds the profits of these 100 giant enterprises in 2004 showed a tendency of decreasing, but generally speaking, Chinese enterprises still maintained steady growth.

The report shows that the top 100 listed companies in China have witnessed an average increase of 39 percent in profits last year. If such companies closely related to raw materials as steel, mineral products as well as petrochemistry were not considered, the profits increase for other enterprises would be greatly reduced to 25 percent. However, that number in 2003 was once as high as 85 percent.

By People's Daily Online