The private economy of Laiyang presents a quick, continual and healthy development tendency. In 2003, the business income of the private economy for the whole city accumulated to 33 billion yuan, with a gain of 12.9% over 2002. The private economy finished an added value of 11 billion yuan with an increase of 35.5% and taxes of 3.28 billion yuan which increased 27.3%. In 2003, the city newly developed 280 private enterprises. Among those, 50 enterprises had an annual business income of over 5 million yuan, which brought the total number to 147. The administration of the private enterprises tends to be more scientific and standard. In addition, more and more enterprises are aware of brand importance. As a main tax resource, the private economy advances social economic development and provides the unemployed with working opportunities.