--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Private Sector Ranks Third in China's Economy
China's private economy has become the third biggest motor of the country's fast economic growth, behind the state-owned and collective economies, according to statistics released Friday by China's National Bureau of Statistics (NBS).

Zhu Zhixin, director of the NBS, told a news conference on the second national census of basic work units in China that there were 1.32 million private enterprises in China by the end of 2001, making up 43.7 percent of the country's total number of enterprises.

He also noted that the fast development of the private economy provided not only momentum to China's economic growth, but also a "great relief" to the employment pressure.

According to the NBS statistics, between 1996 and 2001, the number of employees in private enterprises increased by nearly 300percent, and 31.7 million jobs were created. The number of jobs created by the private economy was about 20 percent of the total.

The statistics also showed a strong trend in China's private economy toward the service industries, in which the number of private notarial offices, law firms, accounting offices, and auditing offices had experienced a boom of 115.3 percent.

In contrast, the number of private enterprises in traditional industries like manufacturing dropped 11 percentage points.

A forward leap for China's private enterprises in terms of business scale from 1996 to the end of 2001 was also witnessed, said the NBS.

Up to the end of 2001, the average assets of China's private enterprises had amounted to 1.06 million yuan (133,000 US dollars), 376,000 yuan more than in 1996, and the total annual revenue of China's private enterprises increased by 680 percent.

(Xinhua News Agency January 18, 2003)

Private Property Owners Win with Reform
Private Sector's Flying Dream
Change Allows For Private Collections
Private Business Figures Hail Party Congress
Private Technology Exchange Approved
Jiang's Address a Welcome Fillip for Private Business
China to Open Garbage Disposal to Private Sector
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688