Midsized and Biggest Enterprises Unravel Difficulty in Hunan
The industrial enterprises' taxes and profits stood at 11.683 billion yuan in 1998 in Hunan, up 12.9% over a year ago. 474 million yuan was reduced from their losses, a rise of 39.7%.
The province had placed premium on reshuffling the enterprises' leadership to reduce losses and increase profit for these enterprises. 4224 leading units were changed for this purpose.
Last year the province had grappled with difficult enterprises involving coal, textile, chemicals, machinery and military industries
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