The dedicated service window for new businesses. [Photo/WeChat account: txfabu]
The private sector in the county-level city of Taixing, administered by Taizhou in Jiangsu province, has shown strong development momentum in the current year, according to the latest statistics.
The city saw 2,492 new business enterprises established in the first six months, a hefty increase of 9.44 percent year-on-year.
The enterprises are mainly involved in high value-added tertiary industries such as wholesale and retail, scientific research and technology services, leasing and business services.
Of these, the wholesale and retail industry accounted for 22.43 percent of the total, the scientific research and technology services industry contributed 21.55 percent and the leasing and business services industry added 16.37 percent. Together, the three major industries comprised over 60 percent of the total.
The vigorous development of these sectors not only demonstrates the market's clear preference for investing in high-value fields but also provides strong support for promoting employment and the structural optimization of the overall economy.
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