Private enterprises involved in science and technology have witnessed speedy growth in northwest China's Shaanxi Province in recent years, and have become a major force for local hi-tech advancement and exports.

By the end of 2002, the province had 9,959 private technology enterprises, which earned more than 65.33 billion yuan (US$7.8 billion ) in total income in 2002, according to the local science and technology department.

A growing number of local private technology companies are expanding their businesses, noted the department.

The number of those each having more than one million yuan ( some $120,000) in annual income has reached 1,966, with those each having more than 10 million yuan (about $1.2 million) in annual income hitting 491 and those with more than 100 million yuan ($12 million) reaching 57.

More than 330,000 people are now employed by local private technology businesses, which reaped a combined 3.52 billion yuan ( approximately US$430 million ) in profits in 2002 and paid 2.3 billion yuan (nearly $280 million) in taxes.

In 2002, some 158,000 technicians engaged in technology research and development in private businesses developed 6,076 new products, 958 of which have been patented.

Close

Today's Top News		Top Business News
+WHO: Bird flu death rises to 15; vaccination recommended (2004-02-05) +Solana: EU ready to lift China arms embargo (2004-02-05) +Nation tops TV, cell phone, monitor production (2004-02-05) +Absence ... still makes China hot (2004-02-05) +Hu: Developing world in key role (2004-02-04)		+KFC: We operate normally in China despite bird flu outbreaks (2004-02-05) +Starbucks takes aim at China chain (2004-02-05) +Former Microsoft China chief gets new job (2004-02-05) +Private airline prepared for take off (2004-02-05) +Investors lured by call of siren (2004-02-05)