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Article: Profit growth in gas sector.(Energy)(Brief article)
- Article from:
- China Chemical Reporter
- Article date:
- May 16, 2008
CopyrightCOPYRIGHT 2008 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The sales revenue and the profit in China's gas production and supply sector reached RMB23.176 billion and RMB1.931 billion respectively from January to February 2008, an increase of 41.88% and 188.51% over the same period of 2007. The growth of the profit was much higher than the growth of the sales revenue. The reason is that the gas sector has taken the lead in the market-geared reform. Monopoly is broken and private enterprises, individual enterprises and joint stock enterprises can all participate in the operation. An effective price competition mechanism has been formed. Since the second half of 2002, the gas sector in China has been fully opened and the operating ...