Shaanxi Province Has One Million Individually-Owned BusinessesFor the first time the total number of individually-owned firms in northwest China's Shannxi Province topped one million at the end of 2000 .The figure represented 12 percent increase from the end of 1999. Also in 2000, the number of private companies shot up nearly 28 percent to 60,300. The non-state sector in the province has shown sustained, rapid and steady development since1998. By the end of 2000, the sector had accounted for 30 percent of Shaanxi's GDP, an increase of 18.2 percentage points. The private sector has become the most vigorous economic growth area. Through industrial adjustment, the private sector has shifted from scattered, small-sized and extensive industrial areas to technology-extensive and export-oriented agriculture, the manufacturing sector and the service sector. Compared to 1997, the ratio of individually-owned firms and private companies to the primary service sector has dropped two to three percentage points,and that of such firms and companies to farming and industrial sectors rose considerably. Private research-related enterprises have reported rapid development, thereby speeding up the application of research findings to production. |
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