China's private sector employs 160m people

12:22, February 05, 2011      

Email | Print | Subscribe | Comments | Forum 

China's private sector now provides more than 160 million jobs, according to the State Administration for Industry & Commerce.

The country registered about 40 million private businesses amidst robust growth during the 11th Five-Year period (2006-2010).

Further, the private sector has employed about 7.87 million workers laid off from state-owned or collective enterprises in the past five years.

Individually-operated businesses top 34.07 million, involving 1.27 trillion yuan ($193.01 billion) of registered capital and 69.82 million employees.

Of note, private enterprises topped 8.19 million with 17.73 trillion yuan of registered capital and 91.83 million employees, according to the administration.

Source: Xinhua
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Let's have fun in ice and snow world!
  • Who is chicken wing 'terminator'?
  • Spring Festival boosts Chinese tourism
  • Day of 'Lichun' comes
  • Christie's to hold auction of impressionist and modern art in London
  • China pockets one gold, one bronze on snowboard
Hot Forum Dicussion