In 2005, state-owned industrial enterprises and non-state enterprises with annual turnover exceeding five million yuan achieved industrial added value of 6,642.5 billion yuan and realized profits of 1,436.2 billion yuan, representing 16.4 percent and 22.6 percent year-on-year rise respectively, and revealing a gratifying simultaneous improvement in speed, quality and benefit. Since 1996, China has led the world in output of steel, coal, cement, farm-use chemical fertilizer and television sets.