Jiangnan Gaoqian, A Listed Private Company

The private economy of the city develops very well. We set up the small and medium sized enterprises bureau and a credit guarantee company to guide and offer policy support and service so as to promote the development of the private business sector. There are now 68000 private businesses and 21000 are new ones. The increase rate is 11.7% and 15.2% respectively. The newly registered capital of the private enterprises was 30.6 billion yuan and the family based private sector had 2.34 billion yuan of newly registered capital. Up to the end of 2003, there are 727 registered private enterprises in the city with the registered capital of 88.655 billion yuan, increasing 23% and 74% respectively.There are 206,000 individual businesses with the capital of 7.126 billion yuan, 9.1% and 31.2% higher

Private Economy Conference

than that of the previous year. The fixed asset investment in the private sector was 34.629 billion yuan,which increased 47.3%, accounting for 24.6% of the total fixed asset investment. In the whole year, the private sector paid 8.237 billion yuan for tax, increasing 55.4% and accounting for 25.7% of the total tax,3.9 points higher than the previous year. There are 1.365 million people working in the sector, a 36.4% increase.