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Private sector to steam ahead despite some firms in credit crunch.

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| October 22, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Business Daily Update)

Byline: the end of June this year, there were 2.21 million private

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Headline: Private sector to steam ahead despite some firms in credit crunch

The disclosure of tax evasion and other scandals by prominent Chinese entrepreneurs may impact on their firms' stock value but not the development of the private sector overall, say Chinese economists.

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