Private companies outnumber foreign firms in Suzhou

时间：2007-01-17 06:29:35

（单词翻译:单击）

Chinanews, Suzhou, Jan. 16 – In the past, Suzhou was honored with the reputation of pacesetter in developing foreign-invested economy in China. However, since 2006 great changes have taken place in Suzhou’s economic structure, with private firms now emerging as the main economic form in Suzhou, outnumbering foreign companies in the city. Some analysts1 say that in terms of scale, Suzhou’s economy is no longer dominated by foreign companies. Instead, private firms are beginning to play a leading role.

 

During the first eleven months of 2006, total private investment reached 62.80 billion yuan, one billion yuan more than the amount of foreign investment, and an increase of 18.8% over the same period in the previous year or, 6.4 percentage points higher than the national average investment growth rate and 9.9 percentage points higher than the investment growth rate of the three forms of foreign-invested enterprises, namely Sino-foreign joint2 ventures, cooperative businesses and exclusively foreign-owned enterprises.

 

2006 was a transitional year for Suzhou. During that year, private investment growth rate exceeded the foreign investment growth rate for the first time in history. The property reform taking place in the state-owned enterprises (SOE) attracted lots of private funds and made investments more diversified3 in Suzhou. SOEs made changes to their business operational modes and as a result, their efficiency was greatly promoted. In the mean time, lots of private enterprises also emerged during the SOE reform. The retreat of SOEs greatly promoted the prosperity of private enterprises. After undergoing structural4 reform, the competitiveness for these previous SOEs was greatly upgraded. Many private firms have now become leading companies in industrial sectors5 such as construction, import and export, tourism, and transportation, and many of them were previously6 state-owned enterprises.

 
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1 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
2 joint m3lx4     
adj.联合的，共同的；n.关节，接合处；v.连接，贴合
参考例句：
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
3 diversified eumz2W     
adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域
参考例句：
  • The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
  • Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》
4 structural itXw5     
adj.构造的，组织的，建筑（用）的
参考例句：
  • The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
  • The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。
5 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
6 previously bkzzzC     
adv.以前，先前（地）
参考例句：
  • The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
  • Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。

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