Private firms urged to update

Private entrepreneurs in Fujian province must update their business and manufacturing practices if they want to move up the industry chain, officials said.

Family-owned businesses, which account for most of the private enterprises in the province, have been facing problems lately due to their insistence on a family-driven business development, rather than economic transition and upgrading.

Private enterprises account for 1 million of the total of 1.13 million units in Zhangzhou and generate roughly two-thirds of the industrial GDP in Quanzhou in Fujian province.