BEIJING - The profits of
China's industrial enterprises (each with annual sales
of over 5 million yuan) reached 913.3 billion yuan
(US$110 billion) in the first10 months of this year, a
hefty increase of 39.7% year on year, according to a
monthly report released by the National Bureau of
Statistics today.
The five industries of
petroleum exploration, chemicals, iron and steel,
electronics and telecommunications, and oil processing
led the profit increase and combined contributed to
52.7% of the total new profits in the 10 months, the
bureau said.
In the ten months, the profits of
the petroleum and natural gas exploration industry
increased 35.5% to 144.8 billion yuan; that of the iron
and steel industry surged 63.4% to 80.4 billion yuan.
Fast growth was registered for the profits of
enterprises of all types of ownership. State-owned and
state-controlled enterprises generated profits totaling
448.8 billion yuan in January-October, up 43.6% year on
year; collectively-owned enterprises generated 39.9
billion yuan, up 31.4%; joint-stock enterprises
generated 433.8 billion yuan, up 39.3%; enterprises
funded by foreign investors and investors from Hong
Kong, Macao and Taiwan, 282.6 billion yuan, up 28.9%;
private enterprises, 91.8 billion yuan, up 42.5%.
Funds occupied by finished products in the
enterprises stood at 1,006.2 billion yuan by the end of
October, up 22.2% over a year earlier; net accounts
receivable of the enterprises amounted to 2,196.9
billion yuan, up 18.2%.
(Asia
Pulse/XIC)
Nov 24, 2004
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