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Friday, December 10, 1999, updated at 09:58(GMT+8) Business Collective Enterprises Play Key Role In Light Industry China's light industry collectives have registered 226.7 billion yuan (27.3 billion US dollars) of annual total industrial output value, accounting for 14 percent of the country's total industrial output value, an official of the All-China Federation of Handicraft Cooperatives announced on December 9. The 11 sectors of light industry, which is composed mainly of collective enterprises, have achieved 43 billion US dollars of annual exports, accounting for a quarter of the country's total exports. The federation was founded in 1955 and is in charge of 40,000 light industry enterprises in household appliances, leather, plastics and other sectors, with over 3.4 million staff members. (Xinhua) Printer-friendly Version In This SectionSearch Back to top Copyright by People's Daily Online, All rights reserved |
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