Major state-owned enterprises in China garnered 889 billion yuan
(US$115.5 billion) last year, a growth of 18.6 percent over the
previous year.
According to latest data provided by the State-owned Assets
Supervision and Administration Commission, the growth rate was 3.6
percentage points lower than the year-earlier level.
The major state-owned enterprises number 445, including 159
central enterprises.
Last year the major state-owned enterprises from electric power,
nonferrous metal, textile, building materials, motor vehicle,
foreign trade, light industrial and machinery sectors posted a
profit growth higher than the average for the 445, while those from
transport and electronics sectors suffered a profit decline.
The 445 enterprises realized 1.04 trillion yuan (US$135.1
billion) in takings for their main business, up 19.3 percent, and
0.5 percentage points quicker, the commission sources said.
Their foreign sales amounted to 566.1 billion yuan (US$73.5
billion, including transport cost and insurance premiums), up 34
percent year-on-year, the sources added.
(Xinhua News Agency February 21, 2007)