Liaoning’s Private Economy Records 4.5891 Million Market Entities in Q1 2023
四月 25,2023

On April 25, the Information Office of Liaoning Provincial People’s Government held the fourth press conference of the “Good Start in the Economy in the First Quarter of 2023” series, introducing the relevant situation of high-quality employment and the development of market entities in Liaoning Province.

In the first quarter, the overall employment situation in Liaoning was stable. The province added 125,000 new urban jobs, a year-on-year increase of 18.8%, accounting for 27.8% of the annual target (450,000 people). 18,000 people with job-hunting difficulties found jobs, a year-on-year increase of 10.6%, accounting for 29.3% of the annual target (60,000 people). The proportion of new employment for the 18-45 age group steadily increased. To attract young people, such as college graduates, to stay and start businesses in Liaoning, the province launched centralized public recruitment for 2,923 public institutions, offering 8,662 positions, with over 50% of these being targeted at fresh graduates. In the first quarter, the province added 23 newly identified entrepreneurship incubation bases, cultivated 2,671 entrepreneurial leaders, and boosted employment for 15,000 people. By the end of March, 264,000 migrant workers had found employment, 115,000 unemployed people had found reemployment, 18,000 people with job-hunting difficulties were employed, and at least one person from each zero-employment family had found employment.

In the first quarter, the development of market entities in Liaoning showed a “five-growth and one-decline” trend. Five growths: the number of market entities continued to increase, reaching a total of 4.7856 million, a year-on-year increase of 5.82%; the three industries grew together, with year-on-year growth rates of 18.03%, 7.91%, and 4.81% respectively; the proportion of private enterprises steadily increased, with the number of private enterprises reaching 1.1146 million, a year-on-year increase of 6.13%, accounting for 89.53% of the total number of enterprises; the scale of industrial enterprises above designated size continued to grow, with 278 new industrial enterprises above designated size added, a year-on-year increase of 16.8%; the number of technology-based enterprises increased significantly, with 1,813 new technology-based small and medium-sized enterprises added, a year-on-year increase of 38%. One decline: the proportion of companies exiting the market has significantly decreased, with 81,800 market entities exiting the market, a year-on-year decrease of 7.16%. In addition, in the first quarter, the number of market entities in Liaoning’s private economy reached 4.5891 million, accounting for 95.89% of the total market entities, and 1,898 provincial innovative small and medium-sized enterprises were identified. Furthermore, 500 target enterprises, including “Young Eagles”, “Gazelles”, and “Unicorns”, were cultivated.

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