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BIZCHINA / Statistics
China's private sector employs 120 million people
(Xinhua)
Updated: 2007-09-16 09:31
China's private enterprises employed 120 million people by September this
year, up 9.5 percent from the same month a year ago, said a senior
official on Saturday.
"The private sector of the economy is a main avenue of employment and
re-employment in China," said Zhong Youping, deputy minister of the State
Administration for Industry and Commerce.
Zhang made the remarks at a forum on Chinese and Japanese small and
medium-sized enterprises held in Guangzhou of south China's Guangdong
province.
Developing the private sector would help increase job opportunities and
enable economic growth and employment to boost each other, said Zhang.
Labor-intensive firms and the service sector could absorb a lot of
laid-off workers and college graduates, he added.
Last year China's industrial and commercial authorities helped 2.54
million unemployed people find jobs in the private sector and nearly half
of the country's new graduates entered private firms.
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