In 1983, Cao Dewang decided to lease the Gaoshan Glass Factory from his village in Fuqing, Fujian province. His aim was simple: feed his family and the families of fellow village workers, and provide them with education.
China's broad private sector provides more than 90 percent of the 800 million jobs in the world's second-largest economy. That includes 237 million created by domestic private firms in urban areas, 18 million created by foreign-invested firms and 470 million rural jobs (including 210 million created by township enterprises, self-employed businesses and other rural private entities).
The remarkable growth of China's private economy over the past three decades has been crucial to making the Chinese economy the world's second largest.