BEIJING, Jan. 4 (Xinhua) -- The government of Northeast China's Liaoning province released an implementation guidance on further vitalizing private investment and driving economic growth, according to news from the official website of the government on Thursday.
The guidance said private capital is encouraged to engage in construction of national and provincial demonstration bases and other projects.
The government will implement policies on cutting taxes and administrative fees for lowering private enterprises' business cost, and improve the ability of financial business to serve private enterprises, according to the guidance.
The government will facilitate industry transformation and upgrading of private enterprises by taking advantage of fiscal funds, stated the guidance.
The government also encourages private capital to participate in Public-Private Partnership (PPP) projects, according to the guidance. (Edited by Su Dan)
A single purchase
