Shanghai's Private Businesses Offer More Job Opportunities

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Last updated at: (Beijing Time) Tuesday, October 29, 2002

Shanghai's Private Businesses Offer More Job Opportunities

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Shanghai's self-employed traders and private businesses have provided an average of approximately 100,000 jobs annually to unemployed people and laid-off workers from state-owned enterprises since 1996.

The number of the city's private businesses and self-employed traders reached 219,000 and 253,000 respectively by the end of September. They turned in 12.1 billion yuan (1.45 billion US dollars) in taxes in the first nine months this year, according to statistics from the Shanghai Municipal Industry and Commerce Administration.

Statistics show that more than 30,000 new private firms became operational in the first half of the year alone.

From 1996 to now, local private enterprises and self-employed traders employed a total of 640,000 unemployed and laid-off workers. The figure was 133,000 and 141,000 for 2000 and 2001 respectively.

Fang Huiping, deputy director of the municipal industry and commerce administration, said the Shanghai government actively supports the development of private and individual businesses, which help promote the reform of state-owned enterprises and maintain social stability.

The municipality has also worked out a series of preferential policies which encourage laid-off workers to run private businesses and to become self-employed traders.

According to these policies, the laid-off workers will be exempted from management fees charged by local industrial and commercial departments for one year and will enjoy preferential treatment in taxation if they apply to run their own businesses. They are also encouraged to open small firms and enjoy benefits interms of registered capital.

The Shanghai Municipal Private Business Association and Shanghai Self-employed Traders have chosen 20 outstanding private enterprises as bases to train, free of charge, laid-off workers inpractical skills.

At present, over 500 private enterprises and self-employed traders have forged contacts with more than 500 needy families of laid-off workers to help resolve their difficulties.

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