Graphics: China's top 500 private firms highlight real economy growth

China's private sector has boosted real economic growth, with the manufacturing industry accounting for 66.4 percent of the country's top 500 private firms, marking three consecutive years of growth in this industry.

Among the entrepreneur representatives attending a high-level symposium on private enterprises held in Beijing on Monday, many also came from advanced manufacturing industries, highlighting the importance of China's manufacturing value chain.

In 2023, 17 out of the top 500 private enterprises made R&D expenses which exceeded 10 billion yuan ($1.37 billion). These included five sectors, namely, computers, communications, electronic equipment manufacturing, Internet and related services, as well as automobile manufacturing.

Last year, the total revenue of the top 500 hit 41.9 trillion yuan, with net profits at 1.69 trillion yuan. They contributed to tax payments of 1.29 trillion yuan and provided 10.7 million jobs.