China's National Bureau of Statistics (NBS) Saturday announced
the country's 1,050 most efficient enterprises, whose profits last
year accounted for 42.1 percent of the total profits of all large
and medium industrial enterprises in the country.
This is the first time such list has been compiled. It was
created as part of the effort to encourage enterprises nationwide
to improve their "efficiency and development patterns", said NBS
Director Li Deshui at a press conference in Beijing.
Last year, the most efficient enterprises realized 13.49 yuan
(US$1.5) in profits per 100 yuan (US$12) of assets, 270 percent
higher than the average profits of enterprises in the industrial
sector.
NBS statistics indicated that 80.1 percent of the most efficient
enterprises are located in the eastern coastal regions, with
Guangdong Province topping all other regions with 167 such
enterprises, followed by Zhejiang and Jiangsu provinces.
The western regions have the least such enterprises. The
statistics showed only 79 of the most efficient businesses are
located in western China, representing a mere 7.5 percent, while
the number in central China is 130, accounting for 12.4
percent.
The most efficient enterprises were selected from 105 industrial
sectors, including petroleum, electricity, coal and food that are
either crucial to the national economy or closely related to
people's daily life, Li said.
(Xinhua News Agency October 17, 2004)