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The number of listed companies in China had reached 1,180 by the end of July, 120 times of that twelve years ago.
China's Stock Exchange Monitoring and Management Committee says the total asset value of the listed companies was nearly 4.6 trillion yuan or more than 500 billion US dollars. The bulk of the publicly listed companies are in the machinery, metallurgy, chemical, electronic, energy and transportation industries.
By absorbing otherwise idle funds, the listed companies have rapidly expanded their scale rapidly and improved their competitiveness.
(People's Daily October 2, 2002)
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