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NBS: Chinese companies see stronger growth in 2007(01/10/08)

 

 BEIJING, Jan. 10 (Xinhua) -- Chinese companies enjoyed stronger growth in 2007 than in the previous year on the back of a robust national economy, according to an official business climate index published on Thursday.

    The quarterly index, which serves as a key gauge of corporate performance, reported year-on-year gains throughout last year, said the National Bureau of Statistics (NBS), which filed the index.

    The fourth-quarter index remained high although it dipped below the figure from the previous quarter, the NBS said in a statement posted on its website.

    However, the index has now declined for two consecutive quarters following a series of government measures to cool the economy.

    The index, based on a survey of 19,500 Chinese firms, was 143.6points from October to December, 1.1 points lower than the July-September period, but 4.2 points higher than a year earlier.

    Property-related construction companies, however, appeared resistant to the downward trend and actually gained 3.2 points from the previous quarter, in line with the country's booming property sector which continued to be boosted by rising housing prices in the fourth quarter.

    The index, with the 100-point mark as the marker between depression and prosperity, tumbled to 116.6 points, its lowest level in recent years during the outbreak of SARS in 2003, but has since stayed above 130.

Editor: Yao Siyan
 


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