6-51    Asset Balance of Enterprises for Real Estate Development 
            (10 000 yuan)
                 
Year Total    Total  Total   #Depreciation Total Creditors¨ Ratio of 
Region Capital #State Assets Depreciation This Year Liabilities Equity Liabilities
   Hold Capital           to Assets
                 
1997 38120741 2443003 164169597 1756884 410656 125154596 39015001 76.2
1998 57787310 8418989 195261772 1910386 390176 148572535 46689237 76.1
1999 45208800 3024487 187448042 2087894 398180 142638782 44809260 76.1
2000 53029071 2155664 251859857 2992816 577153 190321015 61538842 75.6
2001 60198577 4717344 285668126 3544631 674683 214357160 71310966 75.0
2002 67509145 3255888 330431260 3905332 817353 247645673 82785587 74.9
2003 84710226 4082557 404864877 4508222 968337 306985556 97879321 75.8
  Beijing        8312715 562812 57038522 404198 101164 46691607 10346915 81.9
  Tianjin        2535110 139652 11185740 114693 20143 8203420 2982320 73.3
  Hebei          842334 23604 4315288 60067 18608 3339524 975764 77.4
  Shanxi         761357 31157 2885712 47924 8363 2068570 817142 71.7
  Inner Mongolia 419701 8558 1557572 20856 5005 1063707 493865 68.3
  Liaoning       3084611 238463 16167966 227282 47510 13121864 3046102 81.2
  Jilin          628942 23426 3042905 42229 8374 2340331 702574 76.9
  Heilongjiang   1189064 42082 4973235 65822 12201 3787027 1186208 76.1
  Shanghai       16626838 1162839 70243992 551438 113120 49781553 20462439 70.9
  Jiangsu        7946750 284000 24833778 197567 39534 20183408 4650370 81.3
  Zhejiang       4172708 99907 32362708 176753 47079 27093839 5268869 83.7
  Anhui          1644394 36764 5877267 76841 19996 4096093 1781174 69.7
  Fujian         3794572 44020 15725909 185687 30921 11375776 4350133 72.3
  Jiangxi        984170 28142 2595427 33599 12831 1699858 895569 65.5
  Shandong       3071876 65847 14807523 188464 41143 11313769 3493754 76.4
  Henan          1455042 42641 5510446 102740 19951 4038378 1472068 73.3
  Hubei          2393068 135675 8230872 130759 18862 5852668 2378204 71.1
  Hunan          1882443 48650 6751863 108075 50346 4114324 2637539 60.9
  Guangdong      11839072 711672 67872403 890978 161437 51557439 16314964 76.0
  Guangxi        867679 31184 4170909 42586 9164 3247403 923506 77.9
  Hainan         484964 1702798 34023 3780 1347173 355625 79.1
  Chongqing      2895894 121331 12968949 206505 42805 9257357 3711592 71.4
  Sichuan        2717345 49905 12115331 298546 56015 8326672 3788659 68.7
  Guizhou        893982 49191 3322298 58911 20910 2442491 879807 73.5
  Yunnan         497803 17097 3127228 62227 20950 2484467 642761 79.4
  Tibet          13800 48890 525 148 40677 8213 83.2
  Shaanxi        1205042 18628 4486674 66220 15384 3292541 1194133 73.4
  Gansu          570089 12426 1935812 38051 5718 1337161 598651 69.1
  Qinghai        130100 10608 321307 8827 1254 184704 136603 57.5
  Ningxia        255150 22949 1214750 20320 4328 929885 284865 76.5
  Xinjiang       593611 19327 3470803 45509 11293 2371870 1098933 68.3