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CHINA> National
China's non-public sector creates 60% of GDP
(Xinhua)
Updated: 2009-10-07 15:50

China's top economic planner said the non-public sector of the economy created 60 percent of the country's gross domestic product (GDP) at present time.

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In the meantime, private businesses created more than 70 percent of jobs in China's urban areas, according to Zhang Ping, director of China's National Development and Reform Commission (NDRC).

China's non-public economy, which plays an important role in sustaining economic development and creating jobs, had developed at very fast speed since the reform and opening-up policy was initiated 30 years ago, said Zhang.