BIZCHINA / Energy & Mining
10th Five-Year Plan
Updated: 2006-04-18 11:27
According to the National Bureau of Statistics, in 2000, total assets in
the industry were 62.589 billion yuan -- an increase of 4.85 percent
compared to 1999. At the same time, the average balance of liquid assets
also grew 6.33 percent on a year-on-year basis to 23.135 billion yuan in
2000. The average balance of net fixed assets was 29.023 billion yuan --
a 7.1-percent jump over the previous year. In terms of tax payments and
the additional value of sales, it was 733 million yuan in 2000 -- up 8.23
percent on a year-on-year basis. Total profits were 1.014 billion yuan,
an increase of 6.94 percent on a year-on-year basis.
In 2000 the debt reached 39.775 billion yuan -- 3.69 percent higher than
in 1999. At the same time, the 497-million-yuan loss was 8.24 percent
lower on a year-on-year basis. The additional value tax was 1.576 billion
yuan -- an increase of 11.72 percentage points on a year-on-year basis.
The figures show that the non-metal mining and dressing industry has been
recovering and developing.
During January-May 2003, the assets of ferrous metal, non-ferrous metals
and non-metal mining and dressing industries totaled 32.172 billion yuan,
57.059 billion and 66.017 billion yuan respectively, up 10.87, 5.26 and
6.93 percent respectively over the same period of the previous year. The
sales revenue in each industry totaled 9.687, 19.507 and 15.828 billion
yuan respectively -- up 33.47, 31.75 and 20.63 percent respectively over
the same period of the previous year.
Total profits in each industry amounted to 0.423, 1.68 and 0.772 billion
yuan respectively -- up 106.3, 176.5 and 170 percent over the same period
of the previous year. Employees in each industry totaled 0.2403 million
-- down 2.43 percent over the same period of the previous year; 0.4413
million and 0.4931 million -- up 0.54 and 0.14 percent over the same
period of the previous year.
The Tenth Five-Year Plan of Oil & Gas Exploration
During the "Tenth Five-Year" (2001-05) period, China will undertake a
strategic reorganization in the oil industry by means of market
liberalizaition, internalization, cost-effecitveness, scientific and
technological breakthrough and sustainable development.
Changes will be made in structures of oil reservation and exploration:
Natural gas will have a greater percentage in oil output; More oil
imports will enter the domestic market; Oil and gas will have a grater
percentage in non-renewable energy consumption in China.
The reorganization is aimed at ensuring a smooth and sustainable oil
supply in the long run at lowest cost and meeting the goal of a
sustainable and sound economic growth. Therefore, the guiding principles
should focus on domestic market, taping international market, beefing up
exploration efforts while staying rational, being frugal and building oil
reserves.
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