China's major SOEs see total assets reach 16.4 trillion yuan
Monday, 30 July 2007
BEIJING, July 29 (Xinhua): The total assets of China's 423 major state-owned enterprises (SOEs) increased by 14.7 per cent from the same time last year to 16.41 trillion yuan at the end of June, said the State-owned Assets Supervision and Administration Commission (SASAC) Saturday.
The rate of value-sustained and value-added state-owned assets for the SOEs, an index to evaluate the management of SOEs in preserving state-owned capital, reached 116.6 per cent, up two percentage points from the same time last year.
Industries such as non-ferrous metals, automobile, construction materials and transportation recorded even better performance.
According to the SASAC, the country's 423 major state-owned enterprises earned 555.85 billion yuan (about US$ 73.1 billion) of profits in the first half year.
The total export volume of the 423 major state-owned enterprises from January to June increased by 17.4 per cent from the same period last year to 290.82 billion yuan (about $38.3 billion), but the growth speed slowed down by 14.8 per cent in the same period last year, according to the SASAC.
The rate of value-sustained and value-added state-owned assets for the SOEs, an index to evaluate the management of SOEs in preserving state-owned capital, reached 116.6 per cent, up two percentage points from the same time last year.
Industries such as non-ferrous metals, automobile, construction materials and transportation recorded even better performance.
According to the SASAC, the country's 423 major state-owned enterprises earned 555.85 billion yuan (about US$ 73.1 billion) of profits in the first half year.
The total export volume of the 423 major state-owned enterprises from January to June increased by 17.4 per cent from the same period last year to 290.82 billion yuan (about $38.3 billion), but the growth speed slowed down by 14.8 per cent in the same period last year, according to the SASAC.