CHENGDU, Nov. 22 (Xinhua) -- Southwest China's Sichuan Province has recently released policies to promote development of the private economy, aiming to increase proportion of the value added of its private economy to the province's GDP to 60 percent by 2022.
The province will take measures to stimulate the vitality of private investment, reduce the operating costs of private enterprises, alleviate their difficulty of getting financing, and help improve their competitiveness, according to relevant official of the province's Economic and Information Department.
Sichuan will endeavor to create a fair environment for the private enterprises. It will vigorously clean up the unreasonable restrictions on private capital access, build a regular mechanism of project promotion to the private capital, and put in place the fair competition review system.
Meanwhile, the province will also expand financing channels, strengthen credit support, and encourage direct financing for the private enterprises to ease their difficulty in financing. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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