China's industrial enterprises as a whole continued to perform well in the first 10 months of this year, but the losses of many sectors were also on the rise, the National Bureau of Statistics (NBS) said on November 26.
NBS figures show that the composite index of the economic efficiency of industrial enterprises rose to 119.4 from January to October, 3.6 points higher than in the same period of last year. The index was also 0.2 points higher than in the first nine months of the year.
The total sales income of industrial enterprises for the 10 months amounted to 7.379 trillion yuan (US$900 billion), up 11.8 per cent year-on-year, but the growth rate was 0.5 percentage points lower than that for the January-September period.
The total net profit for the 10 months stood at 364.6 billion yuan (US$44 billion), up 9.3 per cent, with the growth rate falling by 3.3 percentage points from that for the January-September period.
In the 10 months, the total losses of industrial enterprises in the red rose by 7.6 per cent on a yearly basis, and the growth rate was 3.5 percentage points higher than that in the January-September period. But the NBS did not provide concrete figures detailing the losses.
(Xinhua News Agency November 27, 2001)
