China's Industrial Profits Up 49% in First Two Months of 2007
Apr 19, 2007
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From January to February 2007, large industrial enterprises in China achieved 293.2 billion yuan sales (approx. U.S. $38.0 billion), a year-on-year rise of 43.8 percent. The numbers, reported by the National Bureau of Statistics of China, includes all state-owned and non-state enterprises with an annual sales income over 5 million yuan (approx. $0.65 million). The comprehensive industrial benefit index in this period reached 186.51, which was 20.65 points higher from the same period a year ago.
Profits of these enterprises reached 139 billion yuan (approx. $18 billion), or 49.3 percent more than the same period last year. The breakout, the Bureau reports:
- Profits by collective-owned enterprises was up 36 percent
- Profits by share-holding enterprises was up 41.8 percent
- Profits by enterprises invested by foreign merchants, or by Hong Kong, Macao and Taiwan-funded enterprises, was up 35.7 percent.
- Profit by private enterprises was up 51.4 percent.
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