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Article featured in Business Beijing, July 2007
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Number

2007/07/10

 

146

China's business index, a major measurement of corporate performance and development trends, rose to 146 in the second quarter, up 10.1 points from 2006, according to the National Bureau of Statistics which released the figure on July 5.

 

 

10.8 percent

China's gross domestic product (GDP) will grow by 10.8 percent this year according to a forecast released on June 28 by a research group affiliated with China’s Central Bank. In the first quarter, China's GDP grew by 11.1 percent after rallying at a 10-year high of 10.7 percent in 2006.

 

 

 903 billion yuan

Chinese companies with sales in excess of 5 million yuan reported 903 billion yuan (US$117.4 billion) of profits in the first five months of 2007, up 42.1 percent year on year, the National Bureau of Statistics said on June 27. State-owned enterprises and state-controlled companies generated 419.3 billion yuan (US$54.5 billion) in profits, up 42.3 percent.

 

 

 960，000 square kilometres

China has reversed soil erosion over an area of 960,000 square kilometres or 10 percent of its total land area, the Ministry of Water Resources said on June 28.

 

 

 2.17 trillion yuan

China garnered 2.17 trillion yuan (US$285.8 billion) in governmental revenue in the first five months of 2007, an increase of 30.6 percent, from the same period in 2006, Finance Minister Jin Renqing said on June 27.

 

 

 

 7 billion yuan

Misappropriated government funds amounted to almost 7 billion yuan (about US$902 million) in 2006, while more than 37 billion yuan (US$4.81billion) was not properly managed, according to the annual audit report released on June 27.

 

 

581.2 billion yuan

Retail sales of China's catering and hotel sector were estimated at 581.2 billion yuan (US$77.5 billion), a rise of 17.9 percent over the same period in 2006, thanks largely to strong demand in the first half of 2007, the Ministry of Commerce said on July 4.

 

 

 350 million tons

China will consume 350 million tons of crude oil in 2007, ten million tons more than 2006, said Jiang Xinmin, an expert with the Energy Institute under the State Development and Reform Commission (NDRC) on July 2.

 

 

 16 trillion yuan

The total assets of China's 424 major State-owned enterprises exceeded 16 trillion yuan (US$2.1 trillion) by the end of May 2007, as revenues and profits kept rising, according to the State-owned Assets Supervision and Administration Commission on June 28.

 

 

 US$100 billion

China's trade surplus will top US$100 billion in the first half of 2007, up 60 percent from the same period in 2006, said Huang Guohua, a senior statistical analyst with the General Administration of Customs on July 5. Total exports and imports in the first half will approach US$1 trillion.

 



 
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