Private sector crucial wheel of economy
By Ren Xiaojin |
chinadaily.com.cn |
Updated: 2018-03-15 10:26
Share
Share - WeChat
The private business sector has become an important part of the country's economy, said Liu Yonghao, chairman of New Hope Group, on Thursday.
"The private sector has provided 80 percent of jobs in the markets and contributed over 60 percent of the country's GDP, about 50 trillion yuan ($7.9 trillion) last year," said Liu, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference.
"The private sector has witnessed, contributed and benefited from the country's opening-up strategy," said Liu.
Related Stories
- Report blames management for deadly Yunnan tunnel flood
- Companies flock to Shanghai home appliances expo
- Three people perish in Guangdong house fire
- Experts: too early to tell if super El Nino will hit this year
- China recovers $4.95b in medical insurance funds in 2025
- China launches remote sensing satellite
