| Registered capital of private sector hits $1.42 trln |
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| Monday,March 03,2008 Posted: 16:34 BJT(0834 GMT) |
| From:China Daily Article type:Reproduced |
China's private sector booms with registered capital totaling 10.1 trillion yuan ($1.42 trillion) in 2007, an annual increase of 22.7 percent.
Chinese private sector includes private firms and self-employed households.
The booming Chinese economy, which saw an growth of 11.4 percent in 2007, led to the healthy and continuous development in the private sector, according to the State Administration for Industry and Commerce (SAIC).
Registered capital of private firms reached 9.4 trillion yuan, accounting for 92.74 of the total, said the SAIC.
Capital of self-employed households held the rest and grew 13.64 percent in 2007, the administration said.
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