Analysis of Machine-Building Enterprise Deficits and Study of Measures to Reverse Losses

Song Guangdi, Li Fei and Wan Jiali

Chinese Economy, 1992, vol. 26, issue 2, 26-62

Abstract: The machine-building industry equips all sectors of the national economy and occupies an important place in socialist construction. Its output and realized profit and taxes make up about one-fourth of the national industrial totals. In 1986, there were a total of 102,500 machinery enterprises doing independent accounting in the country. Total output was 229.6 billion yuan. Employees numbered 19.09 million. The original value of fixed assets was 172.7 billion yuan, and realized profits reached 37.27 billion yuan. In addition, there were 72,000 village-run machinery plants or workshops with 18.7 billion yuan's output employing 2.5 million people.

Date: 1992
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