HTTP://WWW.STOPNATO.ORG.UK
---------------------------
Saturday, January 26, 2002 2:25 PM
|
China's Weaponry Industry Tries to Reduce
Losses |
|
Xinhuanet 2002-01-26
09:14:48 |
|
|
|
BEIJING, January 26 (Xinhuanet) --
China's weaponry industry has
continued to run at a loss but the rate
of loss is beginning to
slow down.
Sources with the
China Weaponry Industrial Corporation (Group)
revealed that last year
the losses decreased by 25.2 percent,
which was a sign of
recovery.
The corporation has closed nine sub-companies
which were unable
to turn losses into profits, and laid off 61,000
workers, sources
say.
Though the industry is currently
stagnant, it has made
achievements in the production of high-tech
weapons, and has
improved the Chinese army's capability in the
launching of
precision attacks, the making of rapid assaults and in
electronic
war.
The corporation alone is expected to
generate an income of 40
billion yuan (nearly 5 billion U.S. dollars)
in 2002 and to build
itself into an internationally competitive
company, sources say.
Enditem
|
---------------------------
ANTI-NATO INFORMATION LIST
==^================================================================
This email was sent to: [email protected]
EASY UNSUBSCRIBE click here: http://topica.com/u/?a84x2u.a9WB2D
Or send an email to: [EMAIL PROTECTED]
T O P I C A -- Register now to manage your mail!
http://www.topica.com/partner/tag02/register
==^================================================================
|
