Private firms getting more policy boost
4 months ago

Private firms getting more policy boost

China Daily  

Workers lay the track of the Hangzhou-Shaoxing-Taizhou high-speed railway in Wenling, East China's Zhejiang province, on June 22, 2021. Noting that some private enterprises have been facing mounting pressures, such as rising production costs and financing difficulties, Zhou said, "It is important to encourage financial institutions to step up support for micro, small and medium-sized enterprises, deepen reform to eliminate barriers that hinder the development of the private sector, and support private enterprises in enhancing innovation capacities." In July last year, the CPC Central Committee and the State Council, China's Cabinet, issued a top-level guideline detailing 31 measures, such as facilitating private enterprises' access to funding, reducing market entry barriers and promoting fair competition, to promote the development of the private sector. The third plenary session's resolution said that efforts will be made to remove barriers to market access, improve the long-term mechanism for private enterprises to participate in major national projects, support capable private companies in leading significant national technological and innovation projects, and provide private enterprises with greater access to major national scientific research infrastructure. Thanks to recent efforts to promote the private sector's participation in major projects, Chongqing One-Tale Electric Co has received special support from the National Development and Reform Commission, the nation's top economic regulator, to establish a sensor technology service platform, said Tian Yongchao, head of research and development at the company, a private-sector provider of electrical equipment.

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History of this topic

Reform imperative to engage private firms in national projects
4 weeks ago

Reform imperative to engage private firms in national projects

China Daily  

China Daily | Updated: 2024-11-27 08:07 Employees work on the production line of a high-tech company in Tianjin. Supporting private enterprises' participation in major national projects shows the country's determination to promote the growth of the private economy and the high-quality development of private enterprises. Given that private investment is more flexible and values efficiency, its participation in major national …

Private firms getting more policy boost
4 months ago

Private firms getting more policy boost

China Daily  

The Hangzhou-Taizhou High-Speed Railway in Zhejiang province, China's first high-speed railway controlled by private capital, has proved to be a milestone in the Chinese government's efforts to attract private funding to key infrastructure construction and local transportation development. Noting that some private enterprises have been facing mounting pressures, such as rising production costs and financing difficulties, Zhou said, "It is …

Private firms getting more policy boost
4 months ago

Private firms getting more policy boost

China Daily  

Workers lay the track of the Hangzhou-Shaoxing-Taizhou high-speed railway in Wenling, East China's Zhejiang province, on June 22, 2021. Noting that some private enterprises have been facing mounting pressures, such as rising production costs and financing difficulties, Zhou said, "It is important to encourage financial institutions to step up support for micro, small and medium-sized enterprises, deepen reform to eliminate …

Fresh impetus for China's private sector
4 months, 3 weeks ago

Fresh impetus for China's private sector

China Daily  

An employee works on a chip production line in Jiujiang, Jiangxi province. The country will also support capable private enterprises in leading national initiatives to make breakthroughs in major technologies and provide private enterprises with greater access to major national scientific research infrastructure, he said. "As the rule of law offers the best business environment, China will formulate and introduce …

China vows more opportunities for private enterprises
5 months ago

China vows more opportunities for private enterprises

China Daily  

China vowed to create a favorable environment, to offer more opportunities for private enterprises, and enhance mechanisms for private companies to participate in major national projects, said a senior financial official at a news conference on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, said the country will support capable …

Modern corporate system needs improvement
5 months, 3 weeks ago

Modern corporate system needs improvement

China Daily  

MA XUEJING/CHINA DAILY Editor's note: Promoting high-quality development has become the main theme of China's economic and social growth. Efforts should be made to encourage private enterprises to establish a modern corporate governance structure by improving legal person governance, regulating shareholder behavior, strengthening internal oversight and establishing robust risk prevention mechanisms. While a risk-assessment and alarm system should be established …

Modern corporate system needs improvement
5 months, 3 weeks ago

Modern corporate system needs improvement

China Daily  

MA XUEJING/CHINA DAILY Editor's note: Promoting high-quality development has become the main theme of China's economic and social growth. Efforts should be made to encourage private enterprises to establish a modern corporate governance structure by improving legal person governance, regulating shareholder behavior, strengthening internal oversight and establishing robust risk prevention mechanisms. While a risk-assessment and alarm system should be established …

Private enterprises vital part of Chinese economy
1 year ago

Private enterprises vital part of Chinese economy

China Daily  

A view of Beijing's CBD area. The Private Economic Development Bureau was established against this background and has become a specialized department serving the development of private enterprises. Private enterprises contribute more than 60 percent to China's GDP, absorb more than 70 percent of migrant workers, provide 80 percent of urban jobs, and 90 percent of jobs in emerging sectors. …

Central leadership keen to promote private economy
1 year, 4 months ago

Central leadership keen to promote private economy

China Daily  

Workers work at a workshop of Jack Sewing Machine Co., Ltd. in Taizhou, East China's Zhejiang province, March 23, 2023. The guideline the Communist Party of China Central Committee and the State Council, China's Cabinet, released on July 19 to boost the growth of the private economy is a milestone in the history of private sector development. China's experiences in …

Central leadership keen to promote private economy
1 year, 4 months ago

Central leadership keen to promote private economy

China Daily  

Workers work at a workshop of Jack Sewing Machine Co., Ltd. in Taizhou, East China's Zhejiang province, March 23, 2023. The guideline the Communist Party of China Central Committee and the State Council, China's Cabinet, released on July 19 to boost the growth of the private economy is a milestone in the history of private sector development. China's experiences in …

Private sector given support to 'grow, thrive'
1 year, 9 months ago

Private sector given support to 'grow, thrive'

China Daily  

A staff member works on the production line of a semiconductor manufacturer in Binzhou, Shandong province. China will make further efforts to enable private entrepreneurs to grow and thrive, and the country's private enterprises will enjoy a better environment and broader development space, Premier Li Qiang said on Monday. Noting that the country has a supersized market with huge demand …

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