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Thursday, January 13, 2000, updated at 21:37(GMT+8)
Business
China to Tabulate Statistics on Non-Public Owned Economy
China is currently preparing to tabulate statistics on its non-public owned economy and will publish the official statistics. This would be the first time since the People's Republic of China was founded fifty years ago that China has calculated non-public owned economy's statistics.
It was revealed during a conference of the heads of statistics bureaus from all over China that this year, the National Bureau of Statistics will do a sample survey of individual and privately invested projects, small-scale construction enterprises, mid-to-small-scale wholesale retail trading companies and the restaurant industry. Moreover, it will launch a pilot project to do a sample survey of rural villages.
According to Li Qiang, head of the National Bureau of Statistics, a majority of the privately-owned enterprises will be incorporated into the government statistics within three years and all of them will be accounted for within five to six years.
Li said that because of the large number of non-public owned enterprises, more than 1.2 million, a sample survey is the only way to count them. The central government and some local authorities have already set aside money for this project.
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