NE China Witnesses Sound Performance of Industry

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Thursday, May 18, 2000, updated at 18:44(GMT+8)

Business

NE China Witnesses Sound Performance of Industry

China's traditional industrial base of Liaoning Province in the northeast has witnessed sound performance of its industry during the first quarter this year. The total industrial output made by State-owned and State- controlled enterprises, and big non-State-owned businesses in the province has reached nearly 66.2 billion yuan (about US$8 billion) during the first three months of this year, up 15 percent compared with the same period last year.

The national fixed asset investment has continued to play active role in accelerating the growth of the provincial economy. The investment in technology renovation alone in the first two months this year reached 529 million yuan (US$63.7 million) with an increase of 38.4 percent over the same period of 1999.

The increased demands of both home and overseas markets as well as the policies China has taken in reforming its SOEs were also contributed to the rapid growth of the provincial industry.


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	China's traditional industrial base of Liaoning Province in the northeast has witnessed sound performance of its industry during the first quarter this year. The total industrial output made by State-owned and State- controlled enterprises, and big non-State-owned businesses in the province has reached nearly 66.2 billion yuan (about US$8 billion) during the first three months of this year, up 15 percent compared with the same period last year.




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