China's industrial output expected to increase 16%
( 2003-10-22 16:55) (Xinhua)
China's industrial enterprises are forecast to turn out 16 percent more added
value this year than in last year, official sources said Wednesday.
The Economic Operation Monitoring Bureau under the State Development and
Reform Commission (SDRC) said at a press conference that the profits of
industrial enterprises were expected to exceed 750 billion yuan (US$91b) for the
whole year.
A report released by the bureau said the total profits of industrial
enterprises for the year 2003 were expected to grow more than 35 percent over
2002.
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