English Home
Headline
Opinion
China
World
Business
Sports
Education
Sci-Tech
Culture
FM Remarks
Friendly Contacts
News in
World Media
Features
Message Board
Voice of Readers
Feedback
Employment Opportunity

Monday, December 06, 1999, updated at 15:53(GMT+8)
China Laidoff Workers In Chongqing Find Jobs in Private Sector

Fifty-seven percent of laidoff workers in Chongqing, China's largest municipality in the southwest, have found jobs in the private sector over the past three years.

More than 30,000 laid-off workers have found jobs in private enterprises this year alone, according to local officials.

As a major old industrial base in southwest China, Chongqing boast a workforce of some 2.78 million employed by the state-owned enterprises. But the officials said that some 400,000 have been laid off since 1997.

In contrast, private economy has maintained a strong growth momentum in recent years, and some 1.4 million people working in 503,000 self-employed businesses and 250,000 private enterprises. Their registered capital totaled 24.8 billion yuan (2.98 billion U. S. dollars).

The municipal government has adopted some preferences to encourage private economy, which include reducing tax, optimizing fund-raising channels and improving market order, they said.

The private economy has been growing fast since China began its opening to the outside world in the late 1970s.

By late 1998, there had been 1.2 million private businesses employing some 17 million people. They had 1.02 trillion yuan in registered capital, produced 585.3 billion yuan in output value, and did 532.3 billion yuan worth of business.

Printer-friendly Version In This Section
  • King Abdullah bin al-Hussein Visits China

  • China Wiping Out Negative Influence of Falun Gong

  • 224 Bodies of Shipwreck Victims Found

  • Senior Lawmaker on Formulation of Legislation Law

  • Liaoning Province Closes Heavily-Polutted Plants for Environment Protection

  • Wen Jiabao Stresses Pushing Forward Housing Reform

  • Search
     

    Back to top
    Copyright by People's Daily Online, All rights reserved




    Relevant Stories
  • SOEs Seen From 'Three Differences'


  • Wei Jianxing on Workers' Role in SOE Reform


  • 10 Firms Chosed For State-Owned Shares Placement Experiment




  • Internet Links
  • SOE Reform -- People's Daily