China's state-owned economy maintained a fast and sound growth momentum in 2005, and the central state-owned enterprises (SOEs) achieved sales valued at 6,731.29 billion yuan or 8,414 billion US dollars, an increase of 19.8 per cent year on year, with a profit of 627.65 billion yuan or 78 billion US dollars, a year-on-year increase of 27.9 percent. This was announced by the State-owned Assets Supervision and Administration Commission of the State Council on Monday in Beijing, according to People's Daily.

Apart from the SOEs directly under the central authorities, other SOEs also had their efficiency improved continuously. The 1,008 enterprises, funded by the 31 provincial and autonomous regions as well as by the Assets Supervision and Administration Commission of the Xinjiang Production and Construction Group, achieved sales income of 2,795.38 billion yuan in the first 11 months last year, a growth of 20.3 percent year on year, with a profit of 131.87 billion yuan, a year-on-year increase of 10.6 percent.

By People's Daily Online