Zhejiang Takes Measures to Strengthen its Private Sector

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Last updated at: (Beijing Time) Wednesday, November 20, 2002

Zhejiang Takes Measures to Strengthen its Private Sector

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The commercial and industrial department of Zhejiang Tuesday announced the adoption of ten measures designed to improve the overall business climate for the private sector in the eastern coastal province.

The measures include prohibiting all market access discrimination against private enterprises, establishing a servicecenter to help them handle affairs related to the World Trade Organization, assisting them with regard to overseas investment, improving the credit climate and setting up an entrepreneurs' club.

Pan Lisheng, head of the Zhejiang Entrepreneurs' Club established Tuesday morning, said that the measures were adopted in response to the call for the strengthening of the private sector made by the recently-concluded 16th National Congress of the Communist Party of China.

He said the province's private sector has undergone a period ofprimal accumulation for industrialization and needs to improve itscompetence and enlarge its scale as quickly as possible.

Currently, more than 10 million people are working in the private sector in Zhejiang, about 20 percent of its total population.

In 2001, the province ranked first in five national rankings onthe private sector, including output value, sales volume and foreign exchange earnings.

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