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March 2003
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NEWS COLUMN

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Business in Brief

 

Seven Sectors Hoist Industrial Growth
Steel Tariffs to Drop as a Result of Pressure from Domestic Manufacturers
Foreign Investors Are Allowed to Buy Out Operating Rights over Tianjin's Scenic Areas

Woodworking Machinery in Great Demand
Mineral Resources Running out
Volkswagen First of Shanghai's Top 100 Enterprises
Chinese Netizens Increase by 13.3 Million in Six Months
Top Consumption Items in Beijing

Seven Sectors Hoist Industrial Growth

In 2002 China's industrial sectors reported a fast growth rate and the best overall performance in recent years. According to the latest report by the State Statistical Bureau, seven fields constitute the major engine of industrial growth. They are: electronics and telecom appliances manufacture; autos and other transportation facilities manufacture; chemical industry; electrical machinery and appliances manufacture; textiles industry; general-category machinery manufacture; and metallurgy. This "magnificent seven" has boosted industrial production by 7.4 percent.

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