Private economy thrives thanks to reform policy

乐橙国际m.lc777.com

2018-10-08

Afuturisticconceptcaratthe2018WorldInternetofThingsExpoinWuxi,Jiangsuprovince,lastmonthisequippedwithInternetofVehiclestechnology,/FORCHINADAILYNumberofself-employedpeoplehasrisensubstantiallysince1978Inthe40yearssinceChinabeganitsreformandopening-up,thenumberofself-employedpeopleinWuxi,Jiangsuprovince,,thecity($153billion).Itsprivateeconomy,,,stop500enterprisesand24onChinasmodernindustryandcommerce,Wuxihasbeenknownas"littleShanghai"foryearsduetoitsflourishingeconomy,,Wuxionlyhad506self-employedpeople,,ithadmorethan380,000peopleregisteredasself-employed,,,morethan70,,aself-employedmanwhonowrunsmanycompaniesacrossthecountry,wasoneofthem."Peopleherehavethetraditionandcouragetosetuptheirownbusinesses,"saidCui."Goodpoliciesfromthegovernmenthelpacceleratethegrowthoftheprivateeconomy.",000yuanbysellingthefirstfeatherstheycollectedinYunnanprovince."Thatamountofmoneywasequalto20yearsofanordinaryworkerssalaryatthetime,"saidthe54-year-oldw,hestartedhisownclothingwholesalebusiness,,delvingintosuchareasasrealestate,medicineandeducation."Youcouldstartyourbusinessifyouhadambition,"saidCui."Nowitsmoreconvenienttoregisteracompany,buttorunasuccessfuloneisbecomingharderduetofiercecompetition."PrivatecountyandvillagecompaniesinWuxialsoflourishedafterlateleaderDengXiaopingmadethe"TourthroughtheSouth"in1992andChina,HodoGroup,whichisoneofChinastop500enterprises,,ZhouHaijiang,saidhesa,"Thecountryhasimprovedpoliciesandenvironmentforprivatecompaniestodevelop,"saidZhou,whoacknowledgedthatprivatecompaniesstillfacemanychallenges."Manyprivatecompanyownersusedtofeelanxiousaboutmonopoly,butthatsituationhasbeenimproving."WangMaozhang,formerdirectorofWuxisindustryandcommercebureau,saidthenumberandqualityofprivatecompanieshavegreatlyadvancedoverthepast40years."Thepoliciesandmarketshavekeptimprovingandgrowingfortheprivateeconomy,",71,273peopleregisteredinWuxitostartnewcareersasself-employed,accordingtothelocalstatisticsbureau.。