China's private small-and medium-sized enterprises (SMEs) have entered a period of fast growth. From 2000 to 2004, the nation saw 44,989 newly emerged such firms, or 34.8 per cent of all enterprises surveyed. The country's non-state-run economy is displaying a stronger and stronger growth momentum.
By the year 2010, non-state-run SMEs may generate 40 per cent GDP in industrial field’s and reach an employment level over 60 per cent. Viewing from the developing trend, China will form an ownership and enterprise scale structure with large state-owned-enterprises taking the lead and non-state-run SMEs forming the main body, thus creating a permanent driving force for sustained, fast economic growth in China.
