(CRIENGLISH.com)
Updated: 2007-07-16 11:09

China Minsheng Banking Corp maintains its lead on the list of top 100 Chinese listed private enterprises this year; while Suning, the electronic retailer doing fierce battle against retail 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 vice dean of China Europe International Business School, Zhang Weijiong.

Speaking at a Private Enterprise Development Forum coinciding with the list's release, the expert says private companies in China have shown their vibrancy 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.