Industrial firms in Guangdong make progress
( 2003-06-16 16:33) (China Daily)
The main State-owned industrial enterprises in South China's Guangdong
Province saw continued progress during the first four months of this year
despite the SARS outbreak.
The industrial output value of the province's 50 top enterprises accounted
for 98.78 per cent of the totall output value of Guangdong enterprises
controlled or wholly owned by the State in the first four months of this year,
which has made them the major driving force for the province's State-owned
economy.
The combined industrial output value of the 50 leading local enterprises came
to 17.29 billion yuan (US$2.08 billion) during the January-April period, 21 per
cent higher than that during the same period last year.
The enterprises made 5.91 billion yuan (US$712 million) in profit during the
first four months of this year, up 40 per cent year-on-year.
These enterprises were also in the lead in supporting the government in its
fight against SARS. For instance, the Guangzhou Honda Co, Pearl River Piano
Group and Guangzhou Medicine Group donated a combined 5 million yuan
(US$602,000) in funding for research into and treatment of the disease.
Wu Kaili, deputy director of the province's Economic and Trade Commission,
said: "The SARS blow was a disaster but should also be regarded as an
opportunity to urge industries to adjust their production plans in accordance
with market needs."
He proposed enterprises engaged in the same industry co-operate to reduce
production costs, share technology and avoid the negative effects of competition
to achieve a win-win situation.
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