The private economy

The non-public economy's strength improved and vitality increased. In 2011 , in GDP of Hangzhou, the non-public economic accounted for 66.6%. increased 0.6 percentage points compared with the previous year respectively. Hangzhou had ranked frrst in the number of top 500 private enterprises among the national capital cities for nine consecutive years, non-public economic strength ranked first in Zhejiang PYovince: the scale and contribution of non-public economy also ranked first in Zhejiang Province. The private economy has become the main force of economic development in Hangzhou and contribution to further improved. The annual tax revenue accounted for 34.1% of the city's financial revenue. The private economy accounted for more than 50% in commerce, industry and investment sectors.

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