160 million individuals in private enterprise

"Eleven-Five" during the private economy to create obvious economic benefits and social benefits newspaper Beijing, December 31 (reporter Fuzomme) reporter recently learned from the State administration of Industry and Commerce: "Eleven-Five" period, the national private economy sustained rapid and healthy development. As at the end of September 2010, the number of households in the country amounted to 34.0654 million households, with a capital of 1.27 trillion yuan and 69.8237 million employees, representing a growth of 38.26%, 118.61% and 42.48% per cent at the end of 2005. The national private enterprises up to 8.1888 million households, registered capital (gold) amounted to 17.73 trillion yuan, 91.8389 million employees, respectively, than the end of 2005 growth of 90.39%, 189.09% and 57.69%.　　Private enterprise Capital Scale expands, each household registered capital (gold) amounted to 2.1654 million yuan, grew 51.85% than 2006. In the 5 years, the number of individual private enterprises increased significantly, creating obvious economic and social benefits. Individual households grew by 6.68% annually, and private entrepreneurs grew by 11.66% per cent a year. The individual private economy not only becomes an important force to promote economic growth, but also becomes the main channel for the resettlement of Laid-off workers and the employment of college graduates. Statistics show that at present, the national private enterprise employs more than 160 million people.