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The analytical report provided by the All-China Federation of Industry and Commerce predicts that under the circumstance of the continual improvement of China's macroeconomic environment, China's non-public economy will maintain a state of rapid growth in four aspects in the coming five to 10 years.
These four aspects are: Non-public economic aggregate will maintain an annual growth rate of over 10 percent and its contribution to the entire Chinese national economic growth will stay at above 60 percent; the added value of non-public economic industry will keep a growth rate of about 15 percent; the non-public economy will absorb an excess of 10 million newly added employees; the export by the non-public economic sector will retain a 30 percent growth rate.
The report made the following judgment: China's civilian-run economy in 2005 will remain in the state of a sustained, rapid and coordinated development. The following two points merit attention: Civilian-run enterprises may witness new changes in their strategies of "going global" and "rejuvenating enterprises through science and education".
Two changes will appear in the development of export-oriented economy of private-run enterprises: First is the change from commodity export as primary to equal importance attached to commodity and capital exports; second is that privately-run and foreign-funded enterprises will quicken their steps of cooperation in various fields, the mergers and acquisitions of China's private enterprises by large foreign transnational corporations will emerge one after another.
As regards the strategy of "rejuvenating enterprises through science and education", civilian-run enterprises will attach greater importance to the establishment of an enterprise internal training mechanism, increase R&D expense input, train self-R&D capability, produce autonomous IPR products, and quicken the step of informationization construction.
(People Daily February 6, 2005)
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