Three-Level Indicators

Q₁

Q₂

Q₃

Q_T

The proportion of the added value of private economy in the gross domestic product

0.243166

0.019182

0.013605

0.275953

The number of enterprises in China’s top 500 private enterprises

0.151522

0.057037

0.009786

0.218345

The number of private enterprises above designated size

0.246352

0.023279

0.016549

0.28618

The total number of days needed to start a business

−0.25423

0.000966

−0.0116

−0.26487

Growth of private investment

−0.23694

0.020521

−0.02104

−0.23746

profit ratio of sales

−0.20952

−0.01398

0.053308

−0.17019

return on equity (ROE)

−0.15528

0.086039

0.006199

−0.06305

Ratio of Profits to Cost

−0.11058

−0.02481

0.084264

−0.05112

Investment intensity in R&D expenditures

0.250738

−0.00358

0.01846

0.265616

Number of authorized patents owned by the enterprise

0.25448

0.009623

0.006442

0.270545

Growth rate of business revenue

−0.15006

0.08947

0.016403

−0.04418

Total profits and taxes of private enterprises

0.247474

0.022747

0.003399

0.27362