政府新闻
私营部分占上海的去年经济总量的三分之一 2023-05-28
Private Sector Made Up Nearly a Third of Shanghai's Economy Last Year
The private sector accounted for almost one-third of Shanghai's economy last year, new official data showed.
Shanghai's private sector was worth CNY1.2 trillion (USD170 billion) in 2022, accounting for 27.1 percent of the city's gross domestic product, according to figures released at a conference in Shanghai yesterday to promote the sector's high-quality development.
Private businesses also paid CNY466.6 billion (USD66 billion) in taxes last year, accounting for about 33 percent of the city's total tax revenue.
Non-state enterprises are becoming the backbone of Shanghai's economic development. The city has a complete industrial chain, a favorable business environment, international talent, and policies to support private businesses, especially those in the technology field.
Last year, private firms accounted for more than 80 percent of those identified in Shanghai as high-tech and over 90 percent of those identified as small but with special technological advantages.
“Compared to other places, Shanghai has the unique advantage that innovative entrepreneurs are willing to come here from all over the country to develop,” Xie Yingbo, chairman and chief executive of Titan Scientific, told Yicai Global at the conference yesterday. “Our team has been doing business in Shanghai for 16 years.”
Titan Scientific is a private firm that provides one-stop research and development services for new product development, including experiment verification, laboratory testing, and pilot plant scale production. It is listed on the Star Market, the science and technology innovation board of the Shanghai Stock Exchange, and had revenue of over CNY2.6 billion (USD368 million) last year.
Apart from its international talent and fair business environment, Shanghai also has strong logistics and information flow services and a high degree of convenience, Xie added.
Westwell Technology's competitiveness has depended on the local government's strong policy support for science and technology companies in recent years, said Tan Limin, founder and chairman of the Shanghai-based artificial intelligence firm.
Baolin Electric Group's sound results in digital transformation could not have been possible without the local industry cluster and the overall innovative environment, Chairman Zheng Xiaoyuan told Yicai Global.
And Talent agency Daqi Network Technology, also known as MoSeeker, is committed to bringing professionals to Shanghai and attracting more international talent to work, live, and study in the city, according to Chairman Wang Xiangdao.
Source: Yicai
