BIZCHINA / Biz Media Digest
Industry: Number of Chinese private firms up 13%
(Xinhua)
Updated: 2006-12-13 11:05
The number of private companies in China reached 4.869 million by the end
of September, up 12.98 percent from the end of last year. The number
accounted for more than half of the companies in China, according to a
meeting held by the All China Federation of Industry and Commerce in
Fuzhou, capital of southeastern Fujian Province, on Tuesday.
Experts believe that China's reform and opening up policy and its
accession to the World Trade Organization (find more in WTO package )
have boosted the development of private businesses.
By the end of September, private companies in China employed a total of
63.95 million people, up 9.8 percent from the end of last year.
Meanwhile, their aggregate registered capital surged 18.9 percent to 7.29
trillion yuan (931 billion U.S. dollars).
Between January and September, the industrial added-value of private
companies each with an annual operation revenue of over 5 million yuan
(639,000 U.S. dollars) climbed 26.1 percent to 1.18 trillion yuan (151
billion U.S. dollars).
During the period, the exports of private businesses in China totaled
173.1 billion U.S. dollars, up 46 percent from the same period last year.
(For more biz stories, please visit Industry Updates)
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