皇冠体育app

Economy

皇冠体育app's private sector employs 160m people

(Xinhua)
Updated: 2011-02-05 10:40
Large Medium Small

BEIJING -- 皇冠体育app's private sector now provides more than 160 million jobs, according to the State Administration for Industry & Commerce.

Related readings:
 皇冠体育app's private sector employs 160m people 皇冠体育app's private equity to take 'different path'
皇冠体育app's private sector employs 160m people 皇冠体育app's private firms emerge from economic doldrums
皇冠体育app's private sector employs 160m people Private sector to be larger part of 皇冠体育app's economy
皇冠体育app's private sector employs 160m people Employment to remain a continuing challenge
The country registered about 40 million private businesses amidst robust growth during the 11th Five-Year period (2006-2010).

Further, the private sector has employed about 7.87 million workers laid off from state-owned or collective enterprises in the past five years.

Individually-operated businesses top 34.07 million, involving 1.27 trillion yuan ($193.01 billion) of registered capital and 69.82 million employees.

Of note, private enterprises topped 8.19 million with 17.73 trillion yuan of registered capital and 91.83 million employees, according to the administration.