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Non-State-run Businesses Play Major Role in Economic Progress: Scholar
Non-state-run businesses have played a major role in contributing to the rapid progress of China's national economy, a senior scholar said here in this capital city of northwest Shaanxi Province.
Gao Shangquan, a renowned economist made the remark at a seminar on economic reform, which opened Saturday in Chengdu.
According to Gao, non-state-run businesses have not only laid a sound foundation for solving problems in developing the economy, but have also become a major momentum in promoting economic reform.
In China, non-state-run businesses refer to state-owned enterprises run by individuals rather than the government, private enterprises, and foreign-funded firms.
Statistics show that although non-state-run businesses merely occupy one third of social economic resources, their contribution makes up two thirds of the increase in GDP. In areas where such businesses are thriving, economic progress, employment rate and governmental revenue are much better than other areas.
Gao classified non-state-run businesses into five categories according to their respective development modes:
-- township enterprises of southern Jiangsu Province of east China;
-- joint ventures in the Pearl River Delta that use funds from Taiwan, Hong Kong, Macao and other investment from overseas Chinese;
-- private businesses in Wenzhou of east China's Zhejiang Province that have developed in line with the rules of market economy;
-- hi-tech enterprises in Zhongguancun of Beijing that combine the advantages of market mechanism and advanced technology;
-- non-state-run enterprises that were formerly state-owned enterprises such as TCL and Haier.
Gao was very optimistic over the future of the non-state-run economy, saying that the sector is facing unparalleled opportunity for development and it will continue to make more contribution to the sustained, healthy and rapid development of China's economy in the upcoming century.
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