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Technology Stocks : C-Cube

CUBE 37.08

+0.4%

Dec 2 3:59 PM EST

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To: DiViT who wrote (25393)	11/18/1997 8:48:00 AM
From: BillyG	Read Replies (1) of 50808

High growth in VCD central.................. Guangdong Records High Growth in Electronics November 18, 1997 (GUANGZHOU, China) -- Guangdong province in southern China reported a 38-percent increase in the output of its electronics industry in the January-October period. The province's electronics output reached RMB71.1 billion (US$8.57 billion) in the period. According to a provincial government official, electronics has been the fastest growing sector in Guangdong in the past few years, with an average annual growth rate of 35 percent. For example, among the best-selling brands of color TVs in China, more than 20 are from Guangdong province. The province's output of magnetic heads for computer products accounts for nearly a third of the world's total, the official said. And among the 55 most popular electronics appliances in China, 24 are made mainly in Guangdong. Guangdong has more than 40 electronics enterprises under the Ministry of Electronics Industry, and they have combined fixed assets of RMB12.3 billion. Those enterprises generated a total output valued at RMB61.5 billion in 1996, accounting for a fifth of the national total. (Xinhua News Agency)

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