China's Shipbuilding Giant Reduces Losses
China Shipbuilding Industry Corporation (CSIC) produced an industrial
output of 11.8 billion yuan in 2000, up 9 percent on an annual
basis, to reduce its losses by over 300 million, CSIC president
Huang Pingtao announced Thursday.
The company received orders valued 25.7 billion yuan last year,
an increase of 102.4 percent, including shipbuilding orders
...... Read more on People's Daily
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