Private sector crucial wheel of economy
By Ren Xiaojin |
chinadaily.com.cn |
Updated: 2018-03-15 10:26
Share
Share - WeChat
The private business sector has become an important part of the country's economy, said Liu Yonghao, chairman of New Hope Group, on Thursday.
"The private sector has provided 80 percent of jobs in the markets and contributed over 60 percent of the country's GDP, about 50 trillion yuan ($7.9 trillion) last year," said Liu, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference.
"The private sector has witnessed, contributed and benefited from the country's opening-up strategy," said Liu.
Related Stories
- Crook: Unite Japanese people to prevent militarism
- SCO delegates explore Luban Workshop model in Tianjin
- International journalists hail SCO role in fostering development and stability
- Xi, Modi hold fruitful meeting: senior official
- Time to 'thank' friends who told China's story of resistance
- New blue book charts Chinese diplomacy in global affairs
