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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (16690)11/23/2004 6:45:35 PM
From: RealMuLan  Read Replies (1) of 116555
 
Jan-Oct industrial profits up 40%

www.chinaview.cn 2004-11-23 16:19:12

BEIJING, Nov. 23 (Xinhuanet) -- China's industrial enterprises saw a 40 percent profit increase year-on-year in the first ten months of this year, making 900 billion yuan, China Radio International reported Tuesday.

Slightly down from a growth rate of 39.8 percent recorded in the first nine months, the figure covers all state-owned and state-controlled enterprises, as well as privately owned ones.

Among the 39 major industrial sectors, steel, non-ferrous metal and construction material enjoyed profits increase by 70 percent though they have been the target of a government crackdown on excessive investment.

Other sectors like oil exploration, chemical engineering and telecommunications also saw significant profit increases. Enditem


news.xinhuanet.com
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