The 2023 annual economic report shows that
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- Category: Governmental News
- Published: Wednesday, 31 January 2024 13:27
China's private economy is more dynamic
If the private economy is active, Ningbo's economy will be active, and if the private economy is strong, Ningbo's economy will be strong. The just-released 2023 Ningbo Economic Annual Report shows that China's private economy is more dynamic and the market is expected to improve.
From the perspective of business entities, in the past year, the city has continued to deepen the reform of "delegating power, delegating power, delegating power, and improving services", promoting the "value-added" of government services and the "optimization" of the
business environment. In 2023, Ningbo's satisfaction with public service quality ranked second in the country, and its business environment ranked first among major cities in the country for the fifth consecutive year. The total number of business entities in the city reached 1.386 million, a year-on-year increase of 6.3%. Among them, there were 1.341 million private business entities, accounting for 96.7% of the total number of business entities. 10 enterprises were selected as China's top 500 enterprises, an increase of 1 over the previous year, and 20 enterprises were selected as China's top 500 private enterprises, an increase of 2.
From the perspective of the private economy, the growth momentum of the private industry in the whole country is strong, and the added value of private industrial enterprises above the designated size reached 304.28 billion yuan, a year-on-year increase of 8.2%, 1.6 percentage points higher than the growth rate of all industries above the designated size, and the contribution rate to the growth of the added value of the industrial enterprises above the designated size reached 69.2%.
Private foreign trade made outstanding contributions, with the total import and export volume reaching 963.28 billion yuan, accounting for 75.4% of the city's total import and export volume, an increase of 2.5 percentage points year-on-year.
Private investment accounts for half of the country, and private investment accounts for 51.4% of the city's fixed asset investment. Among them, the investment in private manufacturing industry grew rapidly, with an annual growth of 10%, 2.5 percentage points higher than the total investment, which continued to inject strong impetus into the development of the city's manufacturing industry.
From the perspective of market expectations, the prosperity index of industrial enterprises above the designated size in the city in the fourth quarter of 2023 will be 123.7, which is in a relatively prosperous range, an increase of 5.3, 6.9 and 2.1 points respectively over the previous three quarters. The consumer confidence index was 126.7, an increase of 0.2 points from the first half of the year, and remained in the optimistic range
