Industrial enterprises in southwest China's Chongqing municipality reported 41.85 billion yuan (5.16 billion US dollars) in industrial added value in the first eight months of this year, representing a 15.5 percent rise year-on-year, the municipal bureau of statistics said.

The figure broke down into 27.99 billion yuan (3.45 billion US dollars) in heavy industry and 13.86 billion yuan (1.71 billion US dollars) in light industry, up 14.2 percent and 18 percent respectively over the same period of 2004.

Joint-stock companies contributed 27.78 billion yuan (3.43 billion US dollars) of industrial added value, up 17.1 percent over the same period of last year, the bureau said in a press release.

The state sector posted 3.94 billion yuan (485.8 million US dollars) of added value, up 12.7 percent year-on-year, while that of collectively-owned enterprises rose 3.6 percent to 887 million yuan (106.9 million US dollars).

Overseas-funded companies reported 7.65 billion yuan (944 million US dollars) of added value in the first eight months, up 5.6 percent year-on-year.

In the meantime, Chongqing-based industrial enterprises reported an all-round deficit decline. From January to July, the most recent time that data is available, the average deficit of industrial companies was 28.5 percent, down 0.4 percent from the same period of last year.

Source: Xinhua