Private sector provides most new jobs
Source: Xinhua |
June 11, 2010, Friday
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Print Edition
Print Edition
ROBUST growth of the private sector has made it China's major provider of new jobs, contributing 90 percent of new positions, Minister of State Administration for Industry and Commerce Zhou Bohua said yesterday.
At the end of the first quarter, private firms employed more than 152 million people, Zhou said in Qingdao, east China's Shandong Province, at a forum to boost development in the private sector.
Zhou said more than 700,000 laid-off workers found jobs again last year in the private sector.
Vice Minister Zhong Youping said the country had 7.55 million private companies at the end of March, an increase of almost 14 percent annually, with total registered capital exceeding 15 trillion yuan (US$2.2 trillion), up 26.9 percent.
The private companies employed 86.98 million people in the same period, up 11.19 percent on an annual basis.
Zhong said individually-run businesses rose 9.56 percent to 32.29 million by the end of March, employing 65.36 million people, up 12.51 percent.
Zhong urged local industry and commerce bureaus to continue their backing for the private sector, following the central government's support package unveiled in May to boost development in the private sector.
The support included improving financing services, easier market access to more industries which are now mainly state-controlled, and simplifying administrative procedures.
At the end of the first quarter, private firms employed more than 152 million people, Zhou said in Qingdao, east China's Shandong Province, at a forum to boost development in the private sector.
Zhou said more than 700,000 laid-off workers found jobs again last year in the private sector.
Vice Minister Zhong Youping said the country had 7.55 million private companies at the end of March, an increase of almost 14 percent annually, with total registered capital exceeding 15 trillion yuan (US$2.2 trillion), up 26.9 percent.
The private companies employed 86.98 million people in the same period, up 11.19 percent on an annual basis.
Zhong said individually-run businesses rose 9.56 percent to 32.29 million by the end of March, employing 65.36 million people, up 12.51 percent.
Zhong urged local industry and commerce bureaus to continue their backing for the private sector, following the central government's support package unveiled in May to boost development in the private sector.
The support included improving financing services, easier market access to more industries which are now mainly state-controlled, and simplifying administrative procedures.
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