Achievements in Taizhou's private economy showcased | Updated: 2018-10-08

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A news conference held on Sept 29 unveiled some of the achievements that the city of Taizhou, Zhejiang province has achieved in its private economy sector in the last two years.

Last year, private enterprises in Taizhou contributed to 92.01 percent of the city's total tax revenue and 77.5 percent of its GDP. In the first six months of 2018, the investment from the private sector grew 36.8 percent year-on-year with the growth rate ranking first among all cities across the province.

Taizhou has attached great importance to deepening reforms and creating new achievements in the private economy since the beginning of the year and regarded the rejuvenation of the private sector as a high priority task.

The government provides extensive services for companies under the framework of the province's "At Most One Visit" administrative reform, pledging that without special circumstances, the construction on an investment project is able to begin within at most 30 days once it is approved.

To tackle the difficulties that private enterprises are facing, Taizhou has released a series of preferential policies for them over the past few years.

In the field of financing, Taizhou made efforts to increase the loans for small and micro companies. By the end of August, the loans had benefited 354,000 such companies.

Meanwhile, government departments are also delving into the integration of private, State-owned and foreign investments in the hope of building a new and open development for the local private economy.


A woman works on an assembly line of smart toilets at a company in Taizhou, Zhejiang on Nov 1, 2017. [Photo/Xinhua]