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Private Firms Account for 90%+ of National High-Tech Firms in CN by End-2024: ACFIC
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The All-China Federation of Industry and Commerce (ACFIC) released the China Private Enterprises Social Responsibility Report (2025) today (23rd). This report reveals that private companies made up more than 90% of all national high-tech enterprises in China by the end of 2024. Their share also exceeded 80% among "little giant" firms specializing in niche, sophisticated, and innovative fields, as well as among companies listed on the STAR Market. For the first time, private companies became the largest player in China's high-tech product imports and exports, accounting for 48.5%. AAStocks Financial News |
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