Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Local

Private economy contributes over 80 pct to Jiangsu's 2020 GDP growth

March 01, 2021


Abstract : Private economy contributed 81.4 percent to the provincial GDP growth in 2020, an increase of 20.5 percentage points from that in 2019, according to official data.

BEIJING, March 1 (Xinhua) -- Private economy contributed 81.4 percent to the provincial GDP growth in 2020, an increase of 20.5 percentage points from that in 2019, according to a report on private economy co-released by Jiangsu Federation of Industry & Commerce (JSFIC) and Jiangsu Bureau of Statistics.

138650517_15770247206511n.jpg

Private individual entities showed eye-catching performance, achieving total added value of 5.4 trillion yuan throughout the year, a year-on-year increase of 6.3 percent, accounting for 52.5 percent of the province's GDP.

According to the report, added value of private economy in east China's Jiangsu province reached 5.8 trillion yuan in 2020, an increase of 5.3 percent year-on-year, 1.6 percentage points faster than GDP growth. It accounted for 56.8 percent of the province's GDP, an increase of 0.9 percent than that of 2019.

Added value of privately-owned industries above designated size increased by 7.7 percent year-on-year, accounting for 46.7 percent of the province's total above designated size industrial growth.

In 2020, the number of newly registered private enterprises in Jiangsu was 518,000, while the number of newly registered individual industrial and commercial households was 2.077 million, an increase of 6.0 percent and 59.4 percent respectively year-on-year, further boosting market vitality.

(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Jiangsu private economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial