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The Private Cconomy Contribution to the Yiwu Economic over 80 percent

Source: Yiwu sourcing agent    Author: Helan      Date: 2011-11-30

  Contribution of the private economy over 80%

    Yesterday, reporter learned from relevant departments, the first three quarters, Yiwu's GDP achieved 51.19 billion yuan, an increase of 10.6%; budget revenue 6.93 billion yuan, an increase of 19.9%. As of the end of August, Yiwu financial institutions foreign currency deposits reached 175.1 billion yuan.

    Behind the rapid economic growth, private enterprises contributed Yiwu. It is estimated that the contribution of Yiwu private economy to local economic development more than 80%.

    Private Economy, "the Quantity and Quality" Increased Together
    Since the reform and opening, Yiwu private economy started from “chicken feather changes candy”, with perseverance, draw a hard and brilliant entrepreneurship track. Today, Yiwu has become a global commodity trading center.

    According to statistics, there are 148,700 individual businesses, total registered capital reached 5.791 billion yuan, respectively increased 91.75% and 21 times compared to the end of Twelfth Five-Year (2011-2015) Plan; nearly 20,000 private enterprises, registered capital amounted to 52.64 billion yuan, compared with 2005, grow 161.4 percent and 289.6% respectively.

    It is noteworthy that Yiwu private economic entities expanded in quantity, but also to be more large and stronger. In recent years, Yiwu gradually emerged a number of larger and stronger enterprise groups, 1066 companies named by provincial famous companies, the name of the crown-free zone enterprises has 45; 41 registered as private group, compared with 2005, increased 416%. In addition, Yiwu enterprises have eight well-known trademarks identified by SAIC , seven more than in 2005, the number of famous trademarks increase nearly three times than 2005, the overall strength of the mark ranked second in the nation's county-level city, first in Zhejiang Province for many years.

    Private Development is Inseparable from Her "Family"

    In the grown up process of private economy in Yiwu, there is a role must be mentioned, that is, private enterprises associations and Association of individual workers.

    "In recent years, we visited the company to understand the bottlenecks and constraints, built school-enterprise cooperation, bank- enterprise platform to help enterprises solve capital, technology, personnel and other problems in the process of transformation and upgrading." Yiwu Industrial and Commercial Bureau Secretary, Association of private enterprises, individual workers Association president said, the associations, as the private economy "family members", give full play to role of bridge for the private enterprises and individual businesses and government departments, financial institutions, research institutes to carry out cooperation, to attract more resources for the private economy to help them grow constantly, to "enrich the blood and charge."



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