Financial analysts Standard & Poor's have released a new economic analysis report, which says China's economy will continue to grow next year. New sources will drive China's economic growth.

The report says that Chinese domestic consumption and private investment are still booming and will replace governmental investment to drive the economic growth.

The reform of Chinese state-owned enterprises and the restructure of industries have improved the competitiveness of Chinese manufacture in the worldwide market.

The report also points out that the revenue ratio of Chinese enterprises will decline next year, according to its analysis of 100 Chinese listed companies.

Standard & Poor's is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data, and valuations.

(CRI.com October 29, 2004)