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China's private sector exports surge amid expansion

01-11-2012 17:03 BJT

BEIJING, Jan. 11 (Xinhua) -- Exports of China's private sector surged 33.3 percent year-on-year in the first 11 months in 2011 to 570 billion U.S. dollars in value, the All-China Federation of Industry and Commerce (ACFIC) announced Wednesday.

During the period, exports value of Chinese private businesses accounted for one third of the nation's total, a report released by the ACFIC said.

China's customs authority announced Tuesday the country's exports rose 20.3 percent year-on-year to reach 1.9 trillion U.S. dollars in 2011. Export growth had slowed from an increase of 31.3 percent in 2010.

The ACFIC is non-governmental chamber of commerce representing largely enterprises and individuals of the private sector in the world's second largest economy.

As of the end of September, the number of registered private enterprises topped 9 million, up 14.9 percent year-on-year while their total registered capital rose 38.6 percent to nearly 25 trillion yuan, the report said.

Meanwhile, the number of individually-owned businesses exceeded 36 million, up 8.5 percent, and their total registered capital rose 21.9 percent to around 1.5 trillion yuan.

 

Editor:Bai Yang |Source: Xinhua

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