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Economy

China to unveil more measures to revive private economy: officials

July 21, 2023


Abstract : Chinese officials on Thursday pledged greater efforts to revive the private economy, with more measures to be unveiled soon.

A staff member sells wig products to overseas markets via an e-commerce platform at a wig company in Shaoyang, central China's Hunan Province, May 25, 2023.(Xinhua/Xue Yuge)

BEIJING, July 20 (Xinhua) -- Chinese officials on Thursday pledged greater efforts to revive the private economy, with more measures to be unveiled soon.

Their remarks came after the Communist Party of China Central Committee and the State Council issued a guideline on Wednesday on boosting the growth of the private economy.

To ensure full implementation of the guideline, the National Development and Reform Commission will work with relevant parties to introduce supporting policies and measures in the near future, Li Chunlin, deputy head of the commission, told a press conference.

As part of the supporting measures, the commission will publish a document soon on encouraging private investment to "fully motivate the sector," Li said.

The commission will continue holding symposiums with private entrepreneurs on a regular basis to help them solve problems and heed their suggestions, Li said.

An Lijia, vice chairman of the All-China Federation of Industry and Commerce, pledged efforts to create a nurturing social environment for the private economy.

"We will increase publicity of outstanding private entrepreneurs and promote their entrepreneurial spirit. Meanwhile, we will cooperate with relevant departments to crack down on malicious rumors and smears against private enterprises," An said.  

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Keyword: private economy

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