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China Economic Times

State names most profitable sectors

Updated at 5.04pm:

Wednesday, 4 October, 2000, 12:00am

Export target out of reach

Beijing will do well to reach half of its 10 per cent export target amid the deepening global financial crisis, making the fourth quarter the hardest hit of this year.

The China Economic Times expressed the most pessimistic export forecast this year, urging people to lower their expectations for the sector's ability to lift the whole economy.

28 Sep 1998 - 12:00am

Shoddy station 'a symbol of graft'

Beijing's western railway station is a textbook example of shoddy standards and corruption which should serve as a warning on all new state infrastructure projects, the China Economic Times says.

The station was a pet project of disgraced Beijing party boss Chen Xitong and was opened in 1995 by Li Peng as part of the capital's bid to host the Olympic Games.

3 Sep 1998 - 12:00am

Agricultural Bank trims staff

Agricultural Bank of China has laid off 3,093 workers and closed 2,571 low-tier offices this year to improve efficiency, according to the China Economic Times. The bank has one of the highest staff levels in the mainland. It has approval from Beijing to merge its provincial branches with sub-branches in some provincial capital cities by mid-September, the newspaper said.

21 Aug 1998 - 12:00am

Study pops collective balloons

The mainland's collective enterprises may appear plump and healthy, but are really like swollen bodies, bloated with excess water.

At least, that is the way the China Economic Times sees them, saying they are in far worse shape than they look and comparing them to sufferers of oedema, a condition where excess watery fluid gathers in the body's tissues or cavities.

19 Feb 1998 - 12:00am

Farm budget to get $18.6b boost

The budget for the mainland's huge farm sector will swell by 26.8 per cent, or 20 billion yuan (about HK$18.66 billion), this year to 93.8 billion yuan, the China Economic Times said yesterday.

13 Aug 1997 - 12:00am