By 2025, the added value of Shanghai's private economy will reach nearly 1.74 trillion yuan.

The first plenary meeting of the coordination mechanism for private economy united front work in Shanghai was held on the 3rd. Data shows that by 2025, the development of the private economy in Shanghai has been stable and progressive, showing a positive trend, achieving an added value of nearly 1.74 trillion yuan, accounting for 30.6% of the total city's economy; tax contributions account for 38.9% of the total city's economy, a year-on-year increase of 7.2%; total import and export volume exceeded 1.81 trillion yuan, a year-on-year increase of 25.8%; 39,220 new private market entities were established, with a total of 3.2836 million private market entities at the end of the year, accounting for 93.4% of the total city's economy; registered private enterprises recruited 2.1949 million people, accounting for over 70% of the total city's economy. There were 11,598 city-level private specialized and new small and medium-sized enterprises, with 775 private specialized and new "small giants", accounting for 84.4% and 75.8% of the total city, respectively.