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Private economy thrives thanks to reform policy

By Cang Wei in Nanjing | China Daily | Updated: 2018-10-08 07:33

Number of self-employed people has risen substantially since 1978

In the 40 years since China began its reform and opening-up, the number of self-employed people in Wuxi, Jiangsu province, has multiplied by 752 times.

In 2017, the city's GDP stood at 1.05 trillion yuan ($153 billion). Its private economy, which reached 689.6 billion yuan, accounted for 65.6 percent of the GDP, according to the Wuxi bureau of statistics.

Private economy thrives thanks to reform policy

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