home feedback about us  
       
    CHINAGATE.WEST DEVELOPMENT.minority prosperity    
        Key Issues  
     
      Sustainable development & environment  
      Industrial restructuring  
      Infrastructure  
      Market mechanism  
      Capital market  
      High-tech  
      Education & HR  
      Overseas Investment  
      Minority prosperity  
      East-west cooperation  
      Agriculture  
      Travel  
     
     
           
           
           
         
           
           
           
           
     
     
     
    Listed companies: Economic backbone of ethnic minorities


    2001-09-28
    peopledaily.com.cn


    It took some getting used to, but now Chinese are accustomed to seeing TV commercials produced by companies based in China's ethnic minority areas.

    "Advertisement sometimes reflects the economic development standard in a certain region," said Pan Zhaodong, a noted economist specializing in ethnic minority research.

    Though these companies were seldom seen on China's leading TV stations a decade ago, they have now become the economic backbone of China's ethnic minority areas.

    Growing from a relatively backward economic base due to their isolated geological location and underdeveloped infrastructure foundation, firms that originated in ethnic minority regions have now actively participated in China's stock market with powerful competitiveness.

    Among the more than 1,090 listed companies in China's stock market, 75 come from China's five remote autonomous regions, including Tibet, Xinjiang Uygur, Guangxi Zhuang, Ningxia Hui and Inner Mongolia, which are all settlement of ethnic minority groups.

    They have raised some 30 billion yuan (US$3.6 billion) on the stock market and are becoming more popular than ever among Chinese shareholders for the strong and reliable economic performance.

    Twenty listed companies in the Inner Mongolia Autonomous Region, for instance, reported to have an average profit rate of 26 percent in their main operations and returns of over 10 percent on their net assets, respectively, last year.

    Both of the two indicators were higher than all the listed companies' average level, official sources show.

    Companies spread in China's ethnic minority regions, usually less-developed areas, used to suffer from many intrinsic problems like lax administration and insufficient capital investment, said Chu Yongshan, official under a branch of China Securities Regulatory Commission (CSRC) in Hohhot, capital city of Inner Mongolia Autonomous Region.

    But rational distribution of productive forces in recent years, strong governmental support along with the current bold and resolute west development drive which has created new development opportunities, have jointly stimulated a drastic growth momentum for these listed companies.

    Once considered unimpressive, they are taking great efforts to build themselves into modern enterprises and have shed their backward image, Pan, the economist, said.

    Inner Mongolia Yili Industrial Group Company Limited, now a dairy giant in China, had just 410,000 yuan (US$50,000) in fixed assets ten years ago.

    Listed on the stock market in 1996, Yili's current fixed asset has rocketed to some 1.6 billion yuan (US$193 million) making it China's biggest tax-payer in the dairy industry.

    Yili consistently launched comprehensive reforms over the years, including purchasing several other dairy plants in northern China, initiating technological innovation, introducing advanced equipment from Germany, Sweden and Norway and adopting modern management practices so as to make itself more appealing to the world market.

    Listed companies not only guide the direction of local economic development, but also stimulate confidence in other less-developed enterprises, Pan added.

    Average asset scale and output value of all the 19 listed companies in Xinjiang Uygur Autonomous Region are 12 times and 14 times, respectively, of those Stated-owned enterprises based in the region.

    Eight listed Tibetan companies, which have raised some two billion yuan (US$241 million) on the stock market, are also operating as the leading force of the local economy.

    Most of such listed companies operate in traditional industries of farming, construction materials, chemical industry and some other sectors that largely rely on natural resources. Some of them, however, are extending to the high-tech industries like biotechnology, network building and micro-electronics.


     

     
       
     
    home feedback about us  
      Produced by www.ttav89.com. All Rights Reserved
    E-mail: webmaster@chinagate.com.cn
    性色欲网站人妻丰满中文久久不卡 | 波多野结衣AV无码久久一区| 亚洲Av无码精品色午夜| 成人免费无码H在线观看不卡| 亚洲精品乱码久久久久久中文字幕| 老司机亚洲精品影院无码| 亚洲Av永久无码精品三区在线 | 伊人久久无码中文字幕| 无码人妻精品一区二区三区久久| 日本中文字幕网站| 性无码专区| 97性无码区免费| 十八禁无码免费网站| 毛片无码免费无码播放| 久久AV高潮AV无码AV| 久久久网中文字幕| 精品人妻中文字幕有码在线| 中文字幕亚洲精品无码| 国产羞羞的视频在线观看 国产一级无码视频在线 | 无码人妻AV一二区二区三区| 在线观看中文字幕码| 日韩欧美中文亚洲高清在线| 亚洲一级特黄无码片| 免费无码婬片aaa直播表情| 精品视频无码一区二区三区| 无码中文字幕av免费放dvd| 伊人久久精品无码av一区| 中文国产成人精品久久亚洲精品AⅤ无码精品 | 久久精品中文无码资源站| 中文字幕亚洲乱码熟女一区二区| 国产精品一级毛片无码视频| AV无码精品一区二区三区| 无码AV天堂一区二区三区| 亚洲AV人无码综合在线观看| 中文有码vs无码人妻| 红桃AV一区二区三区在线无码AV| 无码人妻丝袜在线视频| 天堂网www中文在线资源| 亚洲一区日韩高清中文字幕亚洲| 中文字幕精品亚洲无线码一区应用| 一二三四在线观看免费中文在线观看 |