It was learned from the Municipal Statistic Bureau that local industry enjoyed good composite economic results in 2002.Both profit and profit tax topped two digit increase. The index of overall economic efficiency set a new record.

Statistics show the large local industrial enterpris es realized a profit of 6.839 billion yuan, increasing 14.6% over that of the year 2001. Profit tax increased by 10% to reach 14.96 billion yuan. The composite economic results were up 6.5 points compared to that of 2001, and reached a record high 126.73 points in 2002. The city saw less industrial enterprises in the red and some in debt enterprises lost less in year 2002.

The increase of local industrial profit and profit tax attributed greatly to the rapid growth of 8 major sectors and the state owned enterprises. The 8 major sectors have maintained a rapid profit increase.The sectors included transportation equipment manufacturing, beverage,food,steel,chemistry,metal products,mechinery and plastics products. The 8 sectors realized a general profit of 2.86 billion yuan, increasing 47% over that of 2001. The transportation equipment manufacturing ranked top to reach a profit of 1.35 billion yuan. The food industry enjoyed an increase of 182.7%, the highest increase in 2002.

The state owned enterprises showed a strong increasing tendency thanks to the latest years reform and restructuring. Large enterprises realized a profit of 2.753 billion yuan last year, increasing 21.8% compared to year 2001.

(QDTV__Seven Days)