Private enterprises in East China’s Anhui province posted 1.59 trillion yuan in value-added output in 2017, a year-on-year increase of 9.3 percent, local authorities said at a media briefing Tuesday.
The growth rate outpaced the province’s GDP growth, which stood at 8.5 percent last year. It accounted for 57.8 percent of the GDP and contributed to 55.1 percent of the province’s economic growth, said the Anhui Provincial Commission of Economy and Information Technology.
As of December 31, 2017, 916,000 private companies were registered in the province, up 24.9 percent year on year. Their registered capital rose 45.6 percent to 5.8 trillion yuan.
Private companies paid a total of 267.22 billion yuan in tax, or 68 percent of the provincial total, up 24 percent from a year ago.
Seven of them went public last year, making the number of the province’s listed private companies hit 55, or 54 percent of all its listed companies.
There were 4,072 privately-run hi-tech companies in the province as of the end of 2017, making up 94.5 percent of the provincial total. The number was 480 more than that in 2016.
64 private companies made overseas investment last year, accounting for 65 percent of the provincial total.
Meanwhile, private companies’ imports and exports reached $21.1 billion, or 39.4 percent of the provincial total, up 7.8 percent year on year.