Table Of Contents Sep07
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Commentaries
China’s Industrial Powerhouses Strengthen Profits As Economy Gathers Steam . . . . . . . . . . . . . . . . . . . . . . 5
China’s Economy Refuels In Mid-Air . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Pressure On China To Narrow Its Trade Surplus Will Increase Policy Risks . . . . . . . . . . . . . . . . . . . . . . . . 12
For China’s Aluminum, Power, And Steel Sectors, Efficiency Is The New Necessity . . . . . . . . . . . . . . . . . . 14
China’s Vast Potential Has Local And Foreign Automakers Gunning Their Engines . . . . . . . . . . . . . . . . . . 17
China’s Oil And Gas Giants Pump Profits Into Exploring And Scoring New Energy Supplies . . . . . . . . . . . 20
China’s Strongest Real-Estate Developers Seize Growth
Opportunities As Others Go Under The Hammer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Retailers Catch The Spending Bug In China, But They Can’t Discount The Risks . . . . . . . . . . . . . . . . . . . . 27
China’s Top 200 Corporates (rankings tables) . . . . . . . . . . . . . . . . . . . . . . . 30
Scatter Chart For China’s Top 100 Companies In The Survey . . . . . . . . . . . 35
CreditStats For China’s Top 200 Corporates . . . . . . . . . . . . . . . . . . . . . . . . 36
China’s Top 200 Five-Year Median Financial Ratios . . . . . . . . . . . . . . . . . . . 76
Standard & Poor’s Ratings In China . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79
Definitions & Ratios
Compustat’s Glossary Of Financial Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
Standard & Poor’s Rating Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
Contacts
Standard & Poor’s Asia-Pacific Offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83