民营 mínyíng privately run
privately run (i.e. by a company, not the state)
How to remember 民营: 民 citizens + 营 camp = privately run.
Characters
How it is used
- 'Privately operated (business)' - 民营企业 (mínyíng qǐyè) private enterprise.
- Contrasts with 国营/国有 (state-run/state-owned); the company is run by private parties.
- Economic term; near 民办 but 民营 is for businesses, 民办 for schools/institutions.