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China's non-state economy expands further

08-03-2010 09:28 BJT

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China's non-state economic sector has expanded at a faster rate than the state sector, with increasing proportion.

Figures from the National Bureau of Statistics show that in the first half of this year production volume of state-owned and state-holding enterprises rose 17.7 percent from a year ago. That's smaller than output of both non-state-owned companies and private enterprises.The proportion of the state economic sector is shrinking.

The bureau figures show that from 2005 to 2009, state-owned and state-holding enterprises saw a contraction in their overall number, total assets and profits.

In addition, private investment has maintained monthly growth of over 30 percent since the beginning of this year, outstripping the growth of state investment.

Editor:Xiong Qu |Source: CNTV.CN

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