Home / Business / Real Estate Tools: Save | Print | E-mail | Most Read | Comment
State-owned property firms almost double profits
Adjust font size:

China's Ministry of Finance has reported a startling 95.5 percent jump on Friday in the profits of state-owned real estate sector in the first nine months, as the country's housing prices kept soaring in major cities despite massive housing development.

 

The exact number of the industry profit is undisclosed, but the leading state-owned property company, Poly Real Estate Group Co., has reported a revenue of 39 billion yuan, and its net profits has risen 83.27 percent to 562 million yuan in the first nine months in its quarterly report.

 

This number is paled by the private property company, China Vanke Co., Ltd, who collected 1.8 billion yuan net profits in the first half.

 

The surging profits is caused by the continuing boom of the property market as National Bureau of Statistics reported a 8.2 percent increase in house prices of 70 large and medium-sized Chinese cities in August compared with last year.

 

Other state-owned real estate developers enjoying the property boom include China National Real Estate Development Group Corporation, China OCT, COFCO Property, etc.

 

Together with the real estate sector, state-owned construction companies also reported an over 90 percent increase. The profits of state-owned steel, automobiles and oil and chemical companies all grew by about 60 percent. The profit increase of state-owned coal enterprises are comparatively lower, only 24.4 percent over the same period last year.

 

China's state-owned enterprises (SOEs) reported a 1.2 trillion yuan of profits, in the first three quarters, a 31.2 percent increase over the same period last year.

 

The number, surpassing last year's total, is mainly contributed by central SOEs who have made a profit of 839.15 billion yuan.

 

(Xinhua News Agency October 20, 2007)

 

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Prices rise for Shanghai's secondhand apartments
- BoCom official defines second mortgage rule
- Buyers go cold on property market
- Housing prices drop as supply rebounds
- 'Big Four' likely to have same criteria defining '2nd home'
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 欧美中文字幕在线视频| 精品丝袜国产自在线拍亚洲| 国产精品入口麻豆电影网| www.99re6| 成人在线不卡视频| 久久久亚洲欧洲日产国码aⅴ| 最近最好的中文字幕2019免费| 亚洲成无码人在线观看| 狠狠色噜噜狠狠狠| 午夜网站在线播放| 久久国产精品二国产精品| 欧美性生活视频免费| 人妻精品久久久久中文字幕 | 黄色网址中文字幕| 国产精品永久免费| 97se色综合一区二区二区| 日韩有码第一页| 亚洲人成亚洲精品| 欧美成人在线视频| 亚洲欧美另类久久久精品能播放的 | 国产日韩av在线播放| 手机看片国产福利| 国产精品爽黄69天堂a| 97久久精品亚洲中文字幕无码| 天天av天天av天天透| freeⅹxx69性欧美按摩| 奶水哺乳理论电影| 一个人看的hd免费视频| 性色AV一区二区三区无码| 中国一级毛片在线观看| 成人性生交大片免费看好| 中文字幕亚洲精品无码| 挠胸挠乳尖视频| 中文字幕加勒比| 我们离婚了第二季韩国综艺在线观看| 久久久久久久99精品国产片| 日本欧美中文字幕| 久久久无码精品亚洲日韩蜜臀浪潮| 日本人与物videos另类| 久久久精品2019中文字幕2020| 日本一区二区三区在线视频观看免费 |