Key industrial base sees rapid growth

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Last updated at: (Beijing Time) Wednesday, October 01, 2003

Key industrial base sees rapid growth

China's key industrial base Liaoning Province in the northeast has seen rapid industrial growth in the first eight months of this year.

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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 USdollars) 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 toAugust reached 370.3 billion yuan, up 26 percent year-on-year. About 97 percent of products had been distributed.

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