The story appears on

Page A7

January 30, 2010

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Nation

Private sector creates 11.4m jobs

CHINA'S private sector created 11.4 million new jobs last year, contributing to more than 90 percent of all urban new employment, latest figures from the All-China Federation of Industry and Commerce showed.

Private enterprises employed 8.4 percent more workers than in 2008 despite the global economic downturn, the federation said.

The number of registered private companies nationwide reached 7.9 million as of September, nearly 10 percent higher than at the end of 2008. The registered capital of those companies reached 1.36 billion yuan (US$200 million).

The growth in the private sector partly explained China's economic vitality in the globally difficult year, during which China's gross domestic product registered 8.7 percent growth year on year.

However, the report said China's private enterprises still faced financing difficulties, especially for small companies.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend