SMCs make profits for six years in a row

By 2005, China's supply and marketing cooperatives (SMC) have made profits for six years in a row with total sales volume reaching 613 billion yuan and profit 6.58 billion yuan, a record high in history, People Daily reports.

During the "Tenth Five Year Plan" period (2001-2005), China's SMCs underwent an active reform with annual profit rising by 36.6% and shareholders¡¯ equity increased from 2000's 52.06 billion yuan to 2005¡¯s 77.27 billion yuan, up 48%.

By People's Daily Online