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July 16 - China Minsheng Banking1 Corp maintains its lead on the list of top 100 Chinese listed private enterprises this year; while Suning, the electronic retailer3 doing fierce battle against retail2 giant Gome, gained a little victory over the past year, jumping two grades to second position.
The list, issued for the past four years, has witnessed an annual tax revenue growth rate of 40 percent from the emerging group of enterprises. "The private economy has enjoyed fast development over the past few years, it has accounted for two-thirds of China's national economy," says vice4 dean of China Europe International Business School, Zhang Weijiong. Speaking at a Private Enterprise Development Forum5 coinciding with the list's release, the expert says private companies in China have shown their vibrancy6 over state-owned enterprises, with their profitability more than double that of the latter. Zhang Weijiong encourages more private companies to seek expansion, by going public on overseas bourses.
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