Private enterprises in Zhejiang have been playing dominant roles in foreign trade. According to Hangzhou Customs statistics, the total value of the imports and exports of Zhejiang-based private enterprises exceeded 50 percent of Zhejiang's total in 2009, enabling private enterprises to play dominant roles in foreign trade for 7 consecutive years.

Zhejiang-based foreign trade enterprises have been developing rapidly since China's entry into the World Trade Organization (WTO). In 2003, the total value of the imports and exports of the private enterprises exceeded that of the foreign-invested or state-owned enterprises for the first time, accounting for 36 percent of the province's total. In 2009, it reached 50.1 percent, a rise of 3.4 percentage points compared to 2008.

Editor: Xie Fang

Source: People's Daily Online