China's top 500 privately-owned firms posted a combined ¥6.98 trillion in revenues, or ¥13.97 billion per firm, in 2010, according to the All China Federation of Industry & Commerce. Telecommunications device manufacturer Huawei Technologies Co reporting ¥185.18 billion in revenues snatched the top spot, followed by steelmaker Shagang Group's ¥178.62 billion and electrical appliance retailer Suning Appliance Co's (SHE: 002024) ¥156.22 billion.
China's commercial lenders had ¥103.17 trillion in total assets by the end of July 2011, up 17.6% from a year earlier, according to the banking regulator. State-owned banks had ¥49 trillion in total assets, up 12.1% from a year earlier.
Shanghai's Pudong district hopes to develop an aviation industry with an annual output of ¥100 billion to be Asia's largest in 15 to 20 years.
$1 = ¥6.39
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