A research report on 2001 annals of China's listed companies was jointly released Monday by Shanghai Security News and the State Information Center, constituting the country's first authoritative study.
The newly published report researches some 1,100 financial documents filed by various listed companies in 2001 and analyzes their influence on China's economic development.
The report shows that average investment growth of listed companies amounted to 83.3 percent in 2001, considerably higher than the 12.1 percent in national fixed asset growth.
According to the report, listed companies contributed eight percent of China's gross domestic product and 17 percent of the country's total enterprise tax payments last year.
The report concludes that China's listed companies in general have economically performed better than most large domestic enterprises.
The research points out that although China's listed companies need further improvement, they contribute greatly to upgrading Chinese enterprises and establishing a modern enterprise system in China.
(People’s Daily May 21, 2002)
