Less than half of China's top 500 manufacturing firms are state-owned - Biz Headlines

Five of the top ten manufacturing companies are in the steel sector and two in the automobile sector. Legend Holdings Ltd. and Haier Group Corporation are two electronic companies in the top ten list and their annual sales revenues last year both topped 100billion yuan.

The other three companies with sales revenues of over 100 billion yuan last year are BaoSteel, China First Automobile Group and Dongfeng Motor Co., Ltd..

The 500 companies are selected according to their sales revenues in 2005, NBS said. (1 U.S. dollar=7.97 yuan)

Editor: Yan

By: Source: China View website

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