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HK remains No. 1 overseas investor on Chinese mainland
Hyundai chief handed 3-year suspended sentence
Former liquor firm bosses face prosecution
China Eastern seals a deal with Singaporean airliner
WTO to rule on U.S., Mexcican allegations of Chinese subsidies
Chinese court awards US$25,500 in video piracy case
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China's auto output, sales both to hit record 9 mln units in 2007
China considers lowering threshold for investment in QDII products
China to restructure telecommunications industry
US, China tackle food safety issues
AmCham-China speaks highly of China's new anti-monopoly law
US toy giant recalls 27,000 Chinese art sets
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China suspends farmland reafforestation plan
Chinese mainland issues relaxed policy on small-scale trade with Taiwan
China pledges more efforts to address coastal-hinterland imbalance
China becomes largest foreign supplier of parts for Boeing
China aims high in renewable energy usage to pursue sustained growth
China reconsiders anti-dumping duty on Russian chemical supplier
China's private sector employs 120 mln 
GUANGZHOU, Sept. 15 (Xinhua) -- China's private enterprises employed 120 million people by September this year, up 9.5 percent from the same month a year ago, said a senior official on Saturday.

"The private sector of the economy is a main avenue of employment and re-employment in China," said Zhong Youping, deputy minister of the State Administration for Industry and Commerce.

Zhang made the remarks at a forum on Chinese and Japanese small and medium-sized enterprises held in Guangzhou of south China's Guangdong province.

Developing the private sector would help increase job opportunities and enable economic growth and employment to boost each other, said Zhang.

Labor-intensive firms and the service sector could absorb a lot of laid-off workers and college graduates, he added.

Last year China's industrial and commercial authorities helped 2.54 million unemployed people find jobs in the private sector and nearly half of the country's new graduates entered private firms.

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