Longwei Petroleum (fka LPIH)

[rru2s]

Shanxi annualized growth rate 10.1% first half 2012:

"Shanxi's GDP still grew 10.1% to 578.59 billion yuan (US$91 billion) in the first half this year, compared with 13.3% growth during the same period last year, as the province continued to score faster growth in investments and consumption."

"Beijing's Economic Observer notes that Shanxi has owed its stable economic growth in the first half of the year to the contribution of emerging industries. Data from the provincial statistics bureau shows that in H1, equipment manufacturing, foodstuffs and building materials scored growth in output value higher than the industrial average in the province; in combination, they contributed over 12% to economic growth. Meanwhile, chemicals, electric machinery and foodstuff industries realized profits triple that of the power industry."

Some general statistics for all of china, from the National Bureau of Statistics of China (link at end of quoted information below):

"The month-on-month growth rate of the total value added of the industrial enterprises above designated size from August 2011 to July 2012 was revised according to the results of automatic revision of seasonal adjustment model. The results and data in August 2012 is as follows:

Months....Growth Rate (%)

2011-August....0.85

September....1.00

October....0.75

November....0.73

December....0.96

2012-January....0.46

February....0.61

March....1.16

April....0.33

May....0.85

June....0.73

July....0.65

August....0.69"

http://www.stats.gov.cn/english/pressrelease/t20120911_402834922.htm

"Analysis on different types of enterprises showed that, in August, the year-on-year growth of the state-owned enterprises and state holding enterprises increased 5.3 percent, collective enterprises increased 6.6 percent, joint-stock enterprises climbed 10.4 percent, enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province increased 5.0 percent.

In August, the year-on-year growth of heavy industry increased 9.0 percent, while the light industry was up by 8.6 percent.

Grouped by different sectors, in August, 40 industries within 41 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 10.8 percent; the manufacture of raw chemical materials and chemical products, up by 10.5 percent; the manufacture of non-metallic mineral products, up by 10.5 percent; the ferrous metal smelting and pressing, up by 6.8 percent; the manufacture of general machinery, 7.9 percent; the manufacture of automobile industry, 9.7 percent; the manufacture of railways, shipbuilding, aerospace and other transportation equipment, 2.7 percent, the manufacture of electric machinery and equipment, 7.2 percent; the manufacture of communication equipment, computers and other electronic equipment, 9.9 percent; and the production and supply of electricity, gas and water, 3.8 percent."