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
- Long March 5 rocket deploys tech demo satellite into space
- China launches communication technology test satellite
- Spokesperson warns against aggression toward mainland fisherman
- Lhasa wetland reserve recognized as world's highest altitude wetland
- Chengdu woman sentenced for fatally stabbing neighbor
- Mainland coast guard's patrol in Xiamen-Kinmen waters to safeguard maritime order: spokesperson
