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The 500 companies, with assets totaling 130 trillion yuan, had a combined revenue of 44.9 trillion yuan in 2011, up 23.6 percent from a year earlier. But the profit-revenue ratio declined 1.07 percentage points to 4.7 percent, reflecting that the companies failed to maintain high profit growth in the current complex economic situation.

The monetary policy should play a counter-cyclical role in the country's economy and credit policies will be improved to shore up the development of the real economy, the People's Bank of China (PBOC) said in a news release on its website.

BEIJING, Oct. 12 (Xinhua) -- Mo Yan, the first Chinese national to win the Nobel Literature Prize, said Thursday he was "surprised" and "delighted" on his success as the country congratulated him on his achievement.

Haikui is the third typhoon to wallop China's eastern coast in a week after Saola and Damrey hit the region over the last weekend.

Affected by the rise of the Yangtze River and the rainfall that has increased runoff from local rivers in Jiangxi, the water level of Poyang Lake, located on the southern bank of the middle and lower reaches of the Yangtze, has been continuously rising.