At a recent meeting, several private enterprises, including Shijiazhuang Boshen Tools Co., Ltd., were honored with the title of "Top Ten Private Enterprises for Transformation and Upgrading." Over the past few years, Shijiazhuang's private sector has seen remarkable growth, largely driven by its commitment to transformation and innovation. For six consecutive years, the private economy has accounted for over half of the city’s total economic output. This year has been particularly promising, with the private sector maintaining strong momentum. From January to September, the added value of the private economy reached 214.45 billion yuan, marking a year-on-year increase of 11.7%. This figure represents 65.9% of the city's GDP, which totaled 325.24 billion yuan during the same period. The private economy continues to play a pivotal role in the city’s economy, contributing significantly to both its growth and tax revenue. Since 2011, when it first surpassed 60% of the city's GDP, the private sector has consistently been a key pillar of the local economy, reinforcing its status as the backbone of the region's prosperity.
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