UK PRESS: Private Sector 'In Control' Of China Economy
-The private sector in China is now responsible for about three-quarters of economic output and employment, according to a new survey, the Financial Times reports in its international edition. That makes the ruling Communist party more dependent than ever on entrepreneurs to sustain the high-speed growth underpinning its rule, says the survey by CLSA. The brokerage will release the survey today in Hong Kong, according to the FT report. 'Tens of millions of small and medium-sized enterprises have wrested control' of the economy from the state sector, which dominated business for half a century following the 1949 revolution, the survey reportedly says. Private companies are more profitable, more efficient and carry less debt than the state sector, the CLSA report says, giving the economy significantly more flexibility as it enters a possible slowdown in coming months. The Chinese government's own official statistics in 2003 said only 22% of gross domestic product was generated by local companies registered as private enterprises, according to the FT report. The CLSA report arrives at the much higher figure by counting all enterprises defined as 'collectives' or 'joint-stock companies' as private companies, an assertion that is still debated in China. The dominance of the private sector is also important politically, as the Chinese government will not be able to roll back market reforms as it did the last time the economy slowed sharply in 1990, in the aftermath of the 1989 crackdown on pro-democracy demonstrators in Tiananmen Square, the FT reports.
英国报摘：中国私营经济部门约占经济产出及就业的四分之叁
一项新的调查显示，中国的私营经济部门目前约占经济总产出及就业的四分之叁，《金融时报》(Financial Times)在其国际版中报导称。 里昂证券（亚洲)(CLSA)在这项调查中称，这使得执政的中国共产党比以往任何时候都更加依赖于企业家来维持高速增长，这种增长是其执政的基础。《金融时报》称，里昂证券（亚洲)定于今日在香港公布该项调查。 该调查显示，数千万家中小企业已从国有经济部门那里取得了对经济的控制权，自1949年中国革命胜利以来，国有部门主导中国经济已长达半个世纪。 调查称，私营企业比国有企业盈利状况更好、效率更高并且负债更低，从而大幅增加了中国经济的灵活性。未来数月内中国经济可能减速。 据《金融时报》报导，中国政府2003年的官方统计数据显示，注册为私营企业的当地公司仅创造了22%的国内生产总值。 里昂证券（亚洲)的调查将所有被定义为“集体”或“股份公司”的企业都算做私营企业，因此数字要大得多，但这种做法在中国仍有争议。
