4 Main Contributions of the 5.5 Million Private Enterprises in China
Submitted by admin on Monday, 19 November 2007No Comment
China has 5.5 million private enterprises according to the All-China Federation of Industry and Commerce.
That's about 80% of the country's corporations.
The country also has 26.21 million individual industrial and commercial entities.
More than 70% of urban workers are working in privatly owned companies or individual industrial and commercial entities.
Those companies paid $47 billion in taxes or about 9.4% of the country's
corporate tax revenue.
Private enterprises also made 80% of all new products in the country and threw in 70% of technology innovation and 65% of invention patents.
Would you like to work for a privately owned company in China?
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