China’s private sector provides more than 160 million jobs
By ANISaturday, February 5, 2011
NEW DELHI - China’s private sector now provides more than 160 million jobs, according to the State Administration for Industry and Commerce.
The country registered about 40 million private businesses amidst robust growth during the 11th Five-Year period (2006-2010), Xinhua reports.
The private sector has also employed about 7.87 million workers laid off from state-owned or collective enterprises in the past five years.
Individually operated businesses top 34.07 million, involving 1.27 trillion yuan (193.01 billion dollars) of registered capital and 69.82 million employees.
Private enterprises on the other hand topped 8.19 million with 17.73 trillion yuan of registered capital and 91.83 million employees, according to the administration. (ANI)
