A private company in Tongzhou district, Nantong. [Photo/ntjoy.com]

The private sector in Tongzhou district, Nantong, Jiangsu province has made great contributions to the whole economic development of the region thanks to its favorable policies and business environment.

Tongzhou district has continuously expanded its economic aggregate in the private sector and improved the quality of private enterprises.

The district has nurtured many private enterprises boasting cutting-edge technology and new business models.

The number of private economic entities will exceed 120,000 by 2020. The number of private enterprises and individual businesses has already exceeded 20,000 and 80,000 respectively.

Private enterprises in Tongzhou district are encouraged to develop their own brands and their competitiveness in the international market. Private entities have been the main engine for the economic development in Tongzhou.

The proportion of the value added from Tongzhou district to Nantong economy by private enterprises account for 60 percent of its GDP. The proportion of tax revenue from the district's private sector accounts for 70 percent of the total and the number of those employed in this sector exceeds 90 percent.