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.
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