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Great Contribution Made by Healthily Developed Non-Public Owned Economy
China's non-public owned economy has been undergoing a constantly healthy development, and by the end of last year, China's private-owned enterprises have reached 1.5 million with a payroll numbering a total of 20 million.
On top of that, individuals engaged in industry and commerce have numbered 30 million with a payroll of 60 million. So far, among the 100 NPC (National People's Congress) deputies and 113 CPPCC (Chinese People's Political Consultative Conference) representatives from industrial and commercial circles, 48 and 46 are the personages from the non-public owned economy.
It is a strong desire shared by all representatives from China's non-public economy circles to realize a common development and promote mutual affluence. To tailor to the National Plan for Poverty Relief, they launched the "Glory Undertakings" project five years ago.
More than 4,000 entrepreneurs from the circles of non-public owned economy have joined in the "Glory Undertakings", and they have helped 2.3 million people in solving the problem of food and clothing.
Last year, 33 NPC deputies and CPPCC members from non-public owned economy made a "Reputation Declaration" proposing that they should help make contributions in building up a better economic order and sound social environment. They have also taken an enthusiastic part in the transformation of state-owned enterprises and helped taking in the laid-off workers, and also devoted themselves to the western development and bolstered the social public affairs, thereby making new contributions to China's economic construction and social development.
Private Economic Proportion up to 62%
According to a report made on the development, restriction and outlook of Chinese private enterprises by professor Song Li from Peking University and a professor from Australian State University, Chinese government has been making a lot of improvements on the legislation to recognize the important role private enterprises play in the socialist market economy.
Output of private enterprises have exceeded that of the state owned enterprises for a consecutive four years, accounting for 62% of the country's total output, said the report. However, Chinese small and medium sized private enterprises still feel difficult to be granted loans by banks due to the fact that most of the bank's capital go to the ineffective state owned enterprises.
By PD Online staff Li Yan
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