Recruiting in China

With an increase of 81, the number of large enterprises in China last year reached 2,845. These companies have combined assets of more than 20 trillion yuan, and grew 18.5 from 2004. These enterprises have also witnessed a 23 and 25.3 percent growth in operating income and gross profit from the same period last year.

These statistics, released at the 1st and 6th Sessions of the Press Conference on China's Top 500 Competitive Large Enterprises, show that China's large businesses have taken shape and are growing in strength.

It is reported that the assets of these enterprises are worth more than 23,076 billion yuan, up 4.1 percent from last year. There are currently 19 enterprises with an operating income of over 100 billion yuan, four more than that in the previous year. Sinopec, China Petroleum and Chemical Corporation, with a gross income of 857.2 billion yuan, ranked highest.

The statistics have also revealed that in 2005, most of China's large enterprises are operating in the areas of manufacturing, wholesaling and retailing, construction, real estate, traffic and transportation, storage and postal services, mining, production and supply of power, gas as well as water, agriculture, forestry, animal husbandry, accommodation and catering. Of those, the manufacturing, production and supply of power, gas and water as well as mining industries are the largest.