Latest News:  
Beijing   Cloudy    27 / 17 ℃  City Forecast

English>>China Business

China's individual and private businesses expand steadily

(Xinhua)

09:12, October 06, 2012

BEIJING, Oct. 5 (Xinhua) -- Individually-owned businesses grew steadily at 4.4 percent annually, while private enterprises achieved an annual growth rate of 15.5 percent from 2002 to 2012, according to the data released by the State Administration for Industry and Commerce (SAIC).

Private enterprises currently account for over 70 percent of China's total enterprises. Together with individually-owned businesses, they contribute to more than 60 percent of the country's GDP, the data show.

Meanwhile, together, they provide 80 percent of jobs nationwide, and 90 percent of new jobs are from the private sector, according to the data.

Ma Fu, head of the private economy regulation department under the SAIC, said that reforms to improve the market system and create a fair competition environment over the years have contributed to the rapid and steady growth of the nation's individual and private businesses during the past decade.

Email|Print|Comments(Editor:厉振羽、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chinese weapons arouse discussions

  2. Cover story: 13 children's school

  3. Mounting calls for free access to Wi-Fi

  4. 6 crew detained after HK ship collision

  5. Are you ready for golden autumn break?

  6. MadMud | Everything, By Everyone, For Everyone

Opinions

  1. Commentary: Pricing strategies for success
  2. 'Economic war' with Japan unwise
  3. An end to the era of double-digit growth
  4. Human resources need more investment
  5. Japan should know facts rather than rhetoric prevail
  6. Be vigilant against resurgence of militarism in Japan
  7. Easy times gone for foreign firms in China
  8. Noda gov't in hot water as LDP eyes comeback
  9. White paper makes watertight case for Diaoyu claim
  10. Intl firms should learn from Chinese counterparts

What's happening in China

Travel peak around China during holiday

  1. Food safety standard set to be on menu next year
  2. Toll-free roads policy sparks debate
  3. Police mobilized to cope with traffic peak
  4. Guangdong truck crash kills 5, injures 9
  5. China's railways see record traffic

China Features

  1. More chances for Chinese, Canadian businesses
  2. Culture invasion? Starbucks kisses Buddha
  3. Public should enjoy more 'tourism benefits'
  4. Ancient villages face losing their souls
  5. Economic circles key to Sino-Japan relations

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture