The Economic Information Daily

State enterprises suffer record losses

The mainland's state sector suffered a record loss of 102.6 billion yuan last year on rising raw material costs and production overcapacity.

The combined losses of the biggest state-owned enterprises were up 56.7 per cent from 2004.

Thursday, 11 June, 2015, 4:12pm

State textile firms back in black

State-owned textile firms ended six years of losses with combined profits of 116 million yuan in the first 11 months of this year. The sector lost 3.08 billion yuan in the same period last year, the Economic Information Daily said.

30 Dec 1999 - 12:00am

Survey reveals property aims

A survey of residents in seven mainland cities indicates that about 21.7 per cent plan to buy property in the next two years. The survey found 5.4 per cent of them would purchase luxury apartments, the Economic Information Daily reported.

22 Dec 1999 - 12:00am

Plea to cut TV tube imports

The eight main television-tube manufacturers have written an appeal to key government departments to reduce the quantity of imported colour-television tubes due to an oversupplied domestic market. The mainland imported 5.04 million colour tubes, worth US$510 million, in the seven months to July 31, according to customs data quoted in the Economic Information Daily.

15 Oct 1999 - 12:00am

Mainland chiefs poorly educated, survey finds

A large proportion of chief executives of the mainland's private companies cannot read a financial statement and only 20 per cent have a university education.

11 Feb 1999 - 12:00am

Sugar-makers sign peace pact

More than 300 mainland sugar firms have called for a halt to their cut-throat price war to support production and market order, the Economic Information Daily said yesterday. The companies have met and signed pledges to halt ruinous price wars to prevent further losses, the report said.

24 Sep 1998 - 12:00am

Property investment up 12.7pc

Property investment rose a year-on-year 12.7 per cent in the first four months to 52.1 billion yuan (about HK$48.45 billion), according to the Economic Information Daily. Newly built floor space rose a year-on-year 44 per cent to reach about 474 million square feet in January to April, the newspaper said.

30 May 1998 - 12:00am

Rise in appliance exports seen

Exports of mainland household electrical appliances should rise to US$3.6 billion this year, according to the Economic Information Daily yesterday. Home appliances exports totalled $3.21 billion last year, 16.7 per cent up from last year, the newspaper said.

14 Apr 1998 - 12:00am

State reform to take four years

Beijing has backed off from its stated target of turning around the state sector within three years.

The Economic Information Daily said the programme would take four years, including last year, and the target now meant bringing the proportion of loss-making enterprises down to 20 per cent.

About 5,000 of the top 15,700 state-owned enterprises make losses.

23 Jan 1998 - 12:00am

Zhejiang earns praise as capitalist role model

Zhejiang province is being touted as the national economic model for embracing the white snake of free enterprise, the Economic Information Daily says.

In a four-part series, the paper says that, for the Communist Party, capitalists are like the legendary Xu Xian, who stayed married to a beautiful girl even though he discovered she was really an evil snake spirit.

18 Dec 1997 - 12:00am

Fuzhou harbour to get boost

Investment in the construction of Fuzhou harbour, in southeastern Fujian province between 1995 and 2010, is expected to come to 5.25 billion yuan the Economic Information Daily says. Handling capacity of the harbour would reach 71.88 million tonnes by 2010, the newspaper said yesterday, without giving further details.

27 Nov 1997 - 12:00am

Ageing fleet faces port bans

As a major buyer of second-hand ships, China faces growing problems with its fleet as more foreign ports bar sub-standard vessels, or force them to make repairs, industry officials said yesterday. They said more than 100 Chinese vessels were detained in foreign ports last year for repairs - up from 34 in 1994.

19 Jul 1997 - 12:00am

Life and time

1985 - The patriarch reads a copy of the Economic Information Daily. He launched the most ambitious economic modernisation in history.

20 Feb 1997 - 12:00am

CHINA FOREIGN currency deposits

FOREIGN currency deposits in individual accounts with the Bank of China have risen to US$13.62 billion by the end of November, according to the Economic Information Daily .

The bank first started accepting foreign currency deposits in 1984 and by April 1994 these had exceeded $10 billion.

22 Dec 1995 - 12:00am

Foreign computers popular

ALMOST 75 per cent of computers bought in China last year were foreign made, highlighting foreign companies' growing dominance the market.

The State Information Centre, a leading Chinese research body, said domestic companies gleaned a 22 per cent share of the computer market in 1993, according to a report in the Economic Information Daily .

9 Dec 1994 - 12:00am