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Private economy engine of growth
By Xu Wenwen |
December 3, 2009, Thursday
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Print Edition
Print Edition
THE economy generated by private companies accounts for more than 70 percent of total output value in Zhejiang Province and represents 90 percent of the employment, according to Zhao Hongzhu, Party Secretary of the Chinese Communist Party Zhejiang Provincial Committee.
He made the comments in an address on Monday to the 7th China Private Enterprises Summit in Hangzhou.
Every year the summit announces a list of the year's Top 100 Zhejiang Province Private Enterprises.
At the top of the list for 2009 is Hangzhou Wahaha Group, the largest beverage producer in China. It jumped to No. 1 from last year's No.3 spot, with its 1.305 billion yuan (US$191 million) net assets, 233 billion yuan retail sales and 463.2 billion yuan in profits.
No. 2 this year is China Wanxiang Group, a giant manufacturing conglomerate, which has the highest sales revenue in the province at 4.55 billion yuan.
No. 3 this year is China Guangsha Group, a diversified large corporation. Both Wangxiang and Guangsha are headquartered in Hangzhou.
Among the 100, 30 of them are Hangzhou enterprises, followed by 19 from Shaoxing, 14 from Wenzhou and 12 from Ningbo.
In mid-November, Hangzhou enterprises swept the 2009 China Top 500 Business Competitiveness issued by the National Bureau of Statistics. Hangzhou claimed 38 enterprises on the list, followed by 27 companies from Beijing and 19 from Shaoxing.
In another list issued by the bureau, 2009 Top 1,000 Business Groups (by revenue in 2008), Hangzhou stands at No. 3 with 56 on the list, following Beijing and Shanghai.
The top companies are overwhelmingly privately owned.
He made the comments in an address on Monday to the 7th China Private Enterprises Summit in Hangzhou.
Every year the summit announces a list of the year's Top 100 Zhejiang Province Private Enterprises.
At the top of the list for 2009 is Hangzhou Wahaha Group, the largest beverage producer in China. It jumped to No. 1 from last year's No.3 spot, with its 1.305 billion yuan (US$191 million) net assets, 233 billion yuan retail sales and 463.2 billion yuan in profits.
No. 2 this year is China Wanxiang Group, a giant manufacturing conglomerate, which has the highest sales revenue in the province at 4.55 billion yuan.
No. 3 this year is China Guangsha Group, a diversified large corporation. Both Wangxiang and Guangsha are headquartered in Hangzhou.
Among the 100, 30 of them are Hangzhou enterprises, followed by 19 from Shaoxing, 14 from Wenzhou and 12 from Ningbo.
In mid-November, Hangzhou enterprises swept the 2009 China Top 500 Business Competitiveness issued by the National Bureau of Statistics. Hangzhou claimed 38 enterprises on the list, followed by 27 companies from Beijing and 19 from Shaoxing.
In another list issued by the bureau, 2009 Top 1,000 Business Groups (by revenue in 2008), Hangzhou stands at No. 3 with 56 on the list, following Beijing and Shanghai.
The top companies are overwhelmingly privately owned.
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