Private enterprises' exports hit $480b in 2010
Updated: 2011-02-09 17:38
By Zhi Yun (chinadaily.com.cn)
The value of exports from private enterprises in 2010 reached $481.27 billion in 2010, Xinhua reported. The total represents an increase of 223 percent compared to 2005 and an annual average increase of 26.4 percent.
According to the 2010-2011 Analysis Report of Chinese Private Enterprises' Economic Development released by All-China Federation of Industry & Commerce, private enterprises made full use of the nation's preferential policies issued to encourage entrance in the overseas market. As a result, they became one of the main sources of the nation's external trade despite fierce competition and the international financial crisis.
Moreover, private enterprises pay close attention to improving their management. A shareholding system has become the preferred operating model as enterprises expand in size and the source of funds diversifies. Some large private enterprises have already formed integrated management styles with industrial and regional features, which ensure the enterprises' healthy long-term development.
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