Liaoning sees rapid industrial growth
( 2003-10-01 11:40) (Xinhua)
China's key industrial base Liaoning Province in the northeast has seen rapid
industrial growth in the first eight months of this year.
According to the provincial statistics bureau, the industrial gross
production value totaled 380.5 billion yuan (46.4 billion US dollars) from
January to August, a year-on-year increase of 21 percent.
Heavy industry reported more rapid growth than light industry, with
respective production values of 317 billion yuan and 63.6 billion yuan, up 22.2
and 17.4 percent respectively.
Profit was up in state-owned enterprises in the first eight months, totaling
nine billion yuan and 2.8 billion yuan, up 142 percent and down 27.9 percent
respectively, year-on-year.
Meanwhile, industrial enterprises also saw stable growth in product
distribution. The gross distribution value from January to August reached 370.3
billion yuan, up 26 percent year-on-year. About 97 percent of products had been
distributed.
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