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Heavy Industry

Real estate profit broke 120 billion RMB in 2004
By STAFF EDITOR
Published: December 15, 2005 11:00 AM
According to statistics announced on the 16th, China's real estate enterprises realized profits of 122.55 billion yuan (US$15.15 billion) in 2004, the Beijing Times reports. The industry had revenues of 1.474 trillion yuan (US$182 billion). Broken down, the profit figures how development at 103.5 billion yuan, property management at 4.12 billion, real estate agency at 4.66 billion, and other affairs at 10.25 billion. The industry's liability to asset ratio was 72.6% overall, or 74.1% for development and 62.5% for management. Link: http://www.bjt.net.cn/news.asp?newsid=130941
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