In 2006, the total added value of the industrial sector was 9.0351 trillion yuan, up 12.5 percent over the previous year. The added value of state-owned industrial enterprises and non-state enterprises with annual sales revenue exceeding 5 million yuan (industrial enterprises above the designated size) shot up 16.6 percent and their sales ratio was 98.1 percent.

Chinese industries saw great profit gains in 2006. Pictured is a large oil tank built in Shanghai.

Added Value of Industrial Enterprises Above the Designated Size and the Growth Rates in 2006

In 2006, the total output of primary energy reached 2.21 billion tons of standard coal equivalents, up 7.3 percent over the previous year. The electricity generated in the whole year was 2.8344 trillion kwh, up 13.4 percent. The output of coal was 2.38 billion tons, rising 8 percent. The output of crude oil reached 184 million tons, up 1.7 percent.

The output of crude steel stood at 420 million tons, up 19.7 percent; that of rolled steel was 470 million tons, up 25.3 percent; and that of cement was 1.24 billion tons, up 15.5 percent. The production of 10 kinds of nonferrous metals went up 17.2 percent. The growth of the output of major chemical products, including sulfuric acid, soda ash, caustic soda and ethylene, ranged from 9.6 percent to 24.5 percent.

The production of motor vehicles reached 7.28 million, an increase of 27.6 percent. Of this total, cars accounted for 3.87 million, growing 39.7 percent.

The output of hi-tech products, such as mobile phones and microcomputers, rose by a range of 58.2 percent to 15.5 percent. Of industrial enterprises above the designated size, the added value of hi-tech industry went up 18.7 percent over the previous year.

The profits made by industrial enterprises above the designated size were 1.8784 trillion yuan, an increase of 31 percent over the previous year. Of this total, state-owned and state-holding enterprises reaped 807.2 billion yuan, up 27 percent of the previous year; that of collective enterprises was 56.1 billion yuan, up 29.5 percent; that of share-holding enterprises reached 1.0073 trillion yuan, up 32.3 percent; that of enterprises by foreign investors and investors from Hong Kong, Macao and Taiwan amounted to 516.2 billion yuan, up 26.7 percent; and that of private enterprises stood at 294.8 billion yuan, up 43.6 percent.

The added value of construction enterprises throughout China was 1.1653 trillion yuan, growing 12.4 percent over the previous year. The profits made by construction enterprises qualified for general contracts and specialized contracts reached 107.1 billion yuan, up 18.1 percent. Their paid taxes totaled 140.4 billion yuan, up 21 percent.