China follows up fast on Xi’s pledge for private sector support
China is rolling out new measures to support its private sector, signaling a strong commitment from Beijing to prioritize the stable growth of privately owned firms. This move follows a high-profile symposium hosted by President Xi Jinping, where he explicitly backed the private sector, and coincides with the upcoming second review of legislation aimed at promoting the private economy.
The National Development and Reform Commission (NDRC) announced that the government will expedite updates to the country's "negative list," which outlines sectors restricted to foreign and private investment. Deputy head of the NDRC, Zheng Bei, emphasized the favorable political, economic, and social environments for the private economy. The government also plans to encourage private companies to participate in trade-in programs and large-scale projects, ensuring fair competition between private and public firms for infrastructure contracts.
via SCMP Full Text Feed
China is rolling out new measures to support its private sector, signaling a strong commitment from Beijing to prioritize the stable growth of privately owned firms. This move follows a high-profile symposium hosted by President Xi Jinping, where he explicitly backed the private sector, and coincides with the upcoming second review of legislation aimed at promoting the private economy.
The National Development and Reform Commission (NDRC) announced that the government will expedite updates to the country's "negative list," which outlines sectors restricted to foreign and private investment. Deputy head of the NDRC, Zheng Bei, emphasized the favorable political, economic, and social environments for the private economy. The government also plans to encourage private companies to participate in trade-in programs and large-scale projects, ensuring fair competition between private and public firms for infrastructure contracts.
via SCMP Full Text Feed
