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Chinese Economy: Industrial Profit Shot up From January to August 2008
added: 2008-09-26

From January to August, the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual sales over 5 million yuan, same as follow) reached 1868.5 billion yuan, rose by 19.4 percent over the same period of the previous year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 677.0 billion yuan, increased 0.7 percent year-on-year; that of collective-owned enterprises was 50.2 billion yuan, up by 36.0 percent; that of joint-stock cooperative enterprises reached 11.7 billion yuan, jumping 18.9 percent; that of share-holding enterprises gained 1051.5 billion yuan, up by 25.9 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 499.3 billion yuan, increased 14.3 percent; and that of private enterprises reached 389.2 billion yuan, rose by 48.6 percent.

Within 39 branches of industry, the profits of extraction of petroleum and natural gas up by 54.7 percent, that of coal mining industry, steel industry, chemical industry, architectural materials industry, manufacture of special purpose machinery industry, manufacture of transport equipment, manufacture of electronic communication equipment grew by 142.8, 31.5, 32.0, 40.3, 20.2, 35.1 and 18.2 percent respectively, year-on-year. While that of the profits of electric power industry, smelting and pressing of nonferrous metals industry, manufacture of chemical fibers declined 81.6, 7.4 and 47.1 percent respectively, processing of petroleum and coking industry turned to get net loss of 96.1 billion yuan from profits gains of 32.3 billion yuan from of last year.

The total volume of tax contributed by industrial enterprises above designated size was 1329.6 billion yuan, a year-on-year increase of 26.7 percent.

The main income for industrial enterprises above designated size reached 31645.4 billion yuan, increased 29.0 percent over the same period of the previous year.

By the end of August, the total volume of net receivable for industrial enterprises above designated size amounted to 4315.4 billion yuan, a year-on-year increase of 16.0 percent. The total value of finished products for industrial enterprises was 2207.1 billion yuan, rose by 28.5 percent.


Source: National Bureau of Statistics of China

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