China's State-owned Assets up 8.2 Pct in 2002

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Last updated at: (Beijing Time) Thursday, June 05, 2003

China's State-owned Assets up 8.2 Pct in 2002

The total volume of China's state-owned assets topped 11 trillion yuan (about 1.33 trillion US dollars) in 2002, an increase of 8.2 percent over the previous year.

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The total volume of China's state-owned assets topped 11 trillion yuan (about 1.33 trillion US dollars) in 2002, an increase of 8.2 percent over the previous year.

Statistics from the Ministry of Finance showed that by the end of 2002, the commercial sector claimed 7.69 trillion yuan (about 926.5 billion US dollars), a rise of 5.2 percent or 65 percent of the total.

Non-profitable assets increased by 14.4 percent over 2001 and accounted for 35 percent of the total.

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