The Momentum of the Private Economy
The private enterprises have been greatly encouraged since last year, the movement of the change of the private economy is gathering great momentum. What are the advantages and disadvantages for the development of the private enterprises in China? What's you comment on China's encouragement in developing the private enterprises? Here is a piece of news for your perusal:
Public sector growing fast in shanghai
The total registered capital of private enterprises in Shanghai has amounted to 181.28billion yuan (US.8billion),according to sources with the local taxation department. The number of private enterprises in Shanghai had reached 176,000by the end of 2001, 82 of which have registered capital of more than 100million yuan each.
In 2001,the private enterprises in Shanghai delivered a total of 9.895billion yuan in tax to the state, an increase of 63.88percent over 2000,and made up 9.13percent of Shanghai's annual tax income.
The municipal government has adopted a series of policies to direct the development of private enterprises in recent years, resulting in the inflow of capital and professionals to the city.