Research Report on the Current Financing Situation
I. Basic Development of the Private Economy in the Four Regions
I.1 Jiangsu Province
By the end of 2000, the total number of privately-owned enterprises (POEs) in Jiangsu Province reached 174,000 with a total number of employees of 2.342 million and a registered capital of RMB 94.864 billion. In 2000, the private economies of the province contributed RMB170 billion to GDP, representing 20% of the total GDP of the province. Currently, the total value of taxes paid by self-employed businesses (SEBs) has exceeded 12% of all taxes of the province and their labour force accounts for 16.7% of the total of the province.
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