China's military-industrial group listed in world's top 500

China South Industries Group Corporation (CSG) realized a revenue of 197.1 billion yuan in 2009, up by 29.6 percent year on year. With 186.2 billion yuan total assets (an increase of 16.1 percent), CSG is listed in the world's top 500 enterprises for the first time.

As a giant state-owned enterprise directly under the administration of China's Central Government and an investment institution authorized by the State Council, CSG possesses more then 40 industrial enterprises and 23 research & development centers.

It has established production bases & marketing institutions in over 30 countries and regions with products distributed to more than 100 countries all over the world.

Engaged in the four main fields of special products including military products, auto-vehicles, new resources of energy and equipment manufacture, CSG has been playing a very important role in China's national economic development. It plans to achieve net profits of 20 billion yuan which will double 2009's profits.

By People's Daily Online