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China’s nonferrous metals output increases 10 pct in 2011

(The Economic Daily)

15:56, February 09, 2012

Edited and Translated by People's Daily Online

China’s nonferrous metals industry maintained stable development in 2011. According to statistics, the output of the country’s 10 major nonferrous metals totaled nearly 34.4 million tons last year, up nearly 10 percent from the previous year.

Meanwhile, large-scale producers of nonferrous metals see a 35 percent year-on-year increase in their sales revenue to 3.9 trillion yuan, and a 53 percent year-on-year increase in their profits to 199 billion yuan.

Last year, their return on assets (ROA) rose 1.7 percentage points from the previous year to 8 percent, fixed-asset investment rose 35 percent to 470 billion yuan, and annual imports and exports rose 28 percent to more than 160 billion U.S. dollars.

Jia Mingxing, vice president and secretary-general of the China Nonferrous Metals Industry Association, said that China’s nonferrous metals industry began moving toward a coordinated development pattern last year. The industrial added value of large-scale nonferrous metals producers grew 14 percent in 2011 from the previous year, with the growth rate down 2.2 percentage points from an average of over 16 percent during the 11th Five-Year Plan period.

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wende at 2012-02-0971.255.83.*
China should slow down on the sale of natural resources. It is dangerous to expand by 10% the export of natural resources. This will cause the depletion of China"s natural resources. This too must be regulated.

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