buzzing-economy-powers-chinas-top-companies

Buzzing economy powers China's top companies

But earnings growth is slowing, says Standard & Poor's.
by Primary Credit Analyst John Bailey, Hong Kong 852 2533-3530 john_baileystandardandpoors.com

China's galloping earnings are beginning to be reined back. Most of the country's top 200 companies reported strong but slowing earnings growth in 2005, according to Standard Poor's Rating Services' most comprehensive survey to date. The top performers maintained their pricing power in an economy that revved up 9.5% last year due to rapid growth in fixed asset investments, a high savings rate, and a major inflow of foreign direct investment. Oil and gas companies once again top our revenue-based rankings, while downstream manufacturing and utilities companies have dropped the greatest number of...
¬ Haymarket Media Limited. All rights reserved.

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