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Private economic sectors play a crucial role in promoting
development of China's social productive force, said a member of
the 10th National Committee of the Chinese People's Political
Consultative Conference (CPPCC) in Beijing on Sunday.
Ren Wenyan, vice-chairwoman of All-China Federation of Industry
and Commerce (ACFIC), made the remarks in her report to the second
plenum of the ongoing CPPCC session on be half of ACFIC.
Non-public economic sectors contributed to more than one third
of China's GDP and more than 70 percent in some economic spheres in
2002 and, by the year-end, the private enterprises' registered
capital increased by 690 billion yuan year-on-year, 260 billion
yuan more than the actual amount of foreign capital utilized in the
year, according to Ren. Taxes paid by the non-public firms made up
43 percent and private investment over half the national total in
2002.
A survey conducted by the Ministry of Labor and Social Security
in 66 major Chinese cities in 2002 shows that 65 percent of the
laid-off workers from state-owned enterprises found jobs in private
enterprises. Since 2000, exports of private firms have been on the
rise by an average of 150 percent annually.
Non-public enterprises have become a major contributor to
economic growth and tax revenues of many localities, playing a
unique role in building the socialist market economy and improving
economic environment, said the CPPCC member.
The Communist Party of China (CPC) has enshrined private
entrepreneurs as builders of socialism and a growing number of them
shifted their business mission from "making money" and "helping the
family to live a better life" to "dedicating business operations to
the service of their country," said Ren.
Entrepreneurs for the non-public sectors have contributed
approximately 50 billion yuan (about US$6 billion) to the Glorious
Cause, a non-government poverty-alleviating organization, and
helped five million needy people to get out of poverty.
(Xinhua News Agency March 8, 2004)
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