Overall quality of Ningbo private entrepreneurs joins the first ranks
- Details
- Category: Ningbo Business
- Published: Tuesday, 25 September 2012 15:21
The Chinese Academy of Personnel Science and the Development Research Center of Ningbo Municipal People’s Government jointly released a report recently, saying the overall quality of Ningbo private entrepreneurs has made to the first ranks in China.
The statistics say that, there are 470,000 private market entities in Ningbo, 94.7% of the total market entities in Ningbo. There are about 120,000 private enterprises, contributing more than 80% of the economic growth. In the 2011 Chinese Private Enterprises Top 500, 20 were from Ningbo, about ten of which made to the Top 100.
The private entrepreneurs in Ningbo fall into four categories. Most of them have their own business. Those who enter the private business sector after leaving the state-owned enterprises have an easier access to bank resources. Entrepreneurs with experience abroad have a broad perspective and much greater potential to develop. And those who were once professional managers before are more skilled at management. The four categories of entrepreneurs have different backgrounds, ideas about management and goals.
A survey shows that Ningbo private enterprises have been persisting in developing their own businesses and emphasizing developing new products and brands. After year’s development, they have achieved well in the traditional industries such as fabric, clothes and machinery, in the port-based industries such as steel, electricity and paper-making, in the technological industry such as biomedicine. Ningbo has become the production bases of stationery, mold, plastic machinery, clothes and household appliances in China. All these are attributed to the fact that Ningbo private enterprises, while enjoying port resources, have seized the historic opportunity to develop the private economy.
