Private sector calls for strengthened interdepartmental coordination
3 weeks, 2 days ago

Private sector calls for strengthened interdepartmental coordination

China Daily  

By Wu Yixue | China Daily | Updated: 2025-03-04 07:32 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. The People's Bank of China and multiple departments recently held a joint meeting to come up with specific measures to support the high-quality development of private enterprises. The meeting stressed that policy coordination and interaction will be enhanced among departments to improve financing mechanisms, and greater efforts will be made to solve the difficult and expensive financing problems private enterprises face, so they can play a bigger role in the country's high-quality development. Since the 18th National Congress of the Communist Party of China in 2012, the central authorities have made continuous efforts through deepened reforms to improve the basic system of the market economy, stimulating the vitality and internal impetus for the development of the private sector. Meanwhile, as said, different departments should further strengthen their coordination in the policymaking and the implementation of relevant policies related to the private sector, and constantly improve the efficiency of government supervision and services.

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History of this topic

Draft law to promote private economy
1 month ago

Draft law to promote private economy

China Daily  

A staff member processes motor parts at Zhejiang Jiuzhou New Energy Technology Co Ltd in Wenling, Taizhou, East China's Zhejiang province, Feb 29, 2024. A draft law on promoting the private economy will be submitted to Chinese legislators for further review as the nation accelerates its pace of high-quality development and advances its path to modernization, a legislative commission said …

Draft law to promote private economy
1 month ago

Draft law to promote private economy

China Daily  

A staff member processes motor parts at Zhejiang Jiuzhou New Energy Technology Co Ltd in Wenling, Taizhou, East China's Zhejiang province, Feb 29, 2024. A draft law on promoting the private economy will be submitted to Chinese legislators for further review as the nation accelerates its pace of high-quality development and advances its path to modernization, a legislative commission said …

Symposium injects confidence in private sector
1 month, 1 week ago

Symposium injects confidence in private sector

China Daily  

Humanoids of Unitree Robotics at the World Robot Conference in Beijing in August. CHINA DAILY A symposium on private enterprises, where President Xi Jinping called for efforts to promote the healthy and high-quality development of the private sector, was held on Monday. Amid global economic uncertainties and technological transformation, the agenda of the symposium not only reaffirmed China's commitment to …

Symposium injects confidence in private sector
1 month, 1 week ago

Symposium injects confidence in private sector

China Daily  

Humanoids of Unitree Robotics at the World Robot Conference in Beijing in August. CHINA DAILY A symposium on private enterprises, where President Xi Jinping called for efforts to promote the healthy and high-quality development of the private sector, was held on Monday. Amid global economic uncertainties and technological transformation, the agenda of the symposium not only reaffirmed China's commitment to …

Overwhelming majority of business entities in China from private sector
4 months, 3 weeks ago

Overwhelming majority of business entities in China from private sector

China Daily  

A view of CBD area in Beijing on June 20, 2023. BEIJING - The number of private business entities in China had exceeded 180.86 million by the end of September 2024, accounting for 96.37 percent of the country's total business entities, the State Administration for Market Regulation said Wednesday. A large number of private business entities are engaged in the …

Private firms getting more policy boost
7 months, 1 week 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
7 months, 1 week 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 …

Private firms getting more policy boost
7 months, 1 week 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
7 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 …

Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization
8 months ago

Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization

China Daily  

中共中央关于进一步全面深化改革推进中国式现代化的决定 Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization （2024年7月18日中国共产党第二十届中央委员会第三次全体会议通过） 为贯彻落实党的二十大作出的战略部署，二十届中央委员会第三次全体会议研究了进一步全面深化改革、推进中国式现代化问题，作出如下决定。 In order to implement the strategic plans made at the 20th National Congress of the Communist Party of China, the 20th CPC Central Committee studied the issue of further deepening reform comprehensively to advance Chinese modernization at …

Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization
8 months ago

Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization

China Daily  

中共中央关于进一步全面深化改革推进中国式现代化的决定 Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization （2024年7月18日中国共产党第二十届中央委员会第三次全体会议通过） 为贯彻落实党的二十大作出的战略部署，二十届中央委员会第三次全体会议研究了进一步全面深化改革、推进中国式现代化问题，作出如下决定。 In order to implement the strategic plans made at the 20th National Congress of the Communist Party of China, the 20th CPC Central Committee studied the issue of further deepening reform comprehensively to advance Chinese modernization at …

China vows more opportunities for private enterprises
8 months, 1 week 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 …

Highlights of news conference on 3rd plenary session
8 months, 1 week ago

Highlights of news conference on 3rd plenary session

China Daily  

The Central Committee of the Communist Party of China holds a news conference on the guiding principles from the third plenary session of the 20th CPC Central Committee on July 19, 2024. The Central Committee of the Communist Party of China held a news conference on Friday on the guiding principles from the third plenary session of the 20th CPC …

China's central bank to enhance implementation of monetary policies
11 months, 3 weeks ago

China's central bank to enhance implementation of monetary policies

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. BEIJING -- China's central bank on Wednesday pledged efforts to enhance the implementation of a slew of monetary policies -- in order to effectively stimulate the economy. The bank will appropriately increase the relending and rediscount quota for small enterprises and the agriculture sector, make good …

Conclusion of NPC session highlights guarantees for healthy private sector: China Daily editorial
1 year ago

Conclusion of NPC session highlights guarantees for healthy private sector: China Daily editorial

China Daily  

The 14th National People's Congress, China's national legislature, holds the closing meeting of its second session on Monday. The development of new quality productive forces is a clear priority for the country, as the advancements in artificial intelligence, blockchain, cloud computing, big data, the metaverse and Web 3.0 are ushering in a new scientific and technological revolution, which will transform …

Private economy set to get boost from law draft
1 year, 1 month ago

Private economy set to get boost from law draft

China Daily  

A view of Beijing's CBD area. China has taken a decisive step toward bolstering its private sector by starting to draft a law on promoting the private economy, marking the latest step in boosting business confidence and revitalizing the growth of the world's second-largest economy, analysts said on Thursday. Their comments came as the Ministry of Justice, the National Development …

PBOC sets goals to support economic growth, development
1 year, 2 months ago

PBOC sets goals to support economic growth, development

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. China's central bank will work to sustain buoyant financing activity while expanding financial opening-up this year as part of its efforts to effectively support economic growth and high-quality development. The People's Bank of China, the country's central bank, said on Friday that it will focus on …

China's central bank pledges further support for private enterprises
1 year, 7 months ago

China's central bank pledges further support for private enterprises

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing. BEIJING -- The People's Bank of China, the central bank, has pledged to increase financial support for the country's private enterprises. The PBOC will strengthen coordination between financial, fiscal and industrial policies, and will guide more financial resources into the private economy, said Pan Gongsheng, the …

China's central bank pledges further support for private enterprises
1 year, 7 months ago

China's central bank pledges further support for private enterprises

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing. BEIJING -- The People's Bank of China, the central bank, has pledged to increase financial support for the country's private enterprises. The PBOC will strengthen coordination between financial, fiscal and industrial policies, and will guide more financial resources into the private economy, said Pan Gongsheng, the …

Central leadership keen to promote private economy
1 year, 7 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, 7 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 …

China to toughen supervision of non-bank payment institutions
4 years, 2 months ago

China to toughen supervision of non-bank payment institutions

China Daily  

China's central bank has released a draft for comments of regulations aimed at strengthening anti-monopoly supervision of payment services by non-bank institutions. If a non-bank payment institution meets certain conditions in terms of market share, the People's Bank of China can provide early warning of a range of measures, including regulatory interviews, according to the draft. If non-bank payment institutions …

China's central bank pledges continued opening-up of financial industry
4 years, 7 months ago

China's central bank pledges continued opening-up of financial industry

China Daily  

The People's Bank of China, the central bank, said on Aug 3 that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner. It will promote a full implementation of the foreign investment administration model of pre-establishment national treatment plus negative list, advance the internationalization of the renminbi and capital account convertibility …

PBOC steps ensure credit flow to SMEs
4 years, 9 months ago

PBOC steps ensure credit flow to SMEs

China Daily  

Bank and taxation employees visit a camshaft-making company in Huaying, Sichuan province, to better provide financial help the company needed on its work resumption after COVID-19 was brought under control in China. The Chinese central bank's measures to support smaller enterprises will help cushion the downside risks in economic activity by facilitating the flow of credit to market entities and …

PBOC steps ensure credit flow to SMEs
4 years, 9 months ago

PBOC steps ensure credit flow to SMEs

China Daily  

Bank and taxation employees visit a camshaft-making company in Huaying, Sichuan province, to better provide financial help the company needed on its work resumption after COVID-19 was brought under control in China. The Chinese central bank's measures to support smaller enterprises will help cushion the downside risks in economic activity by facilitating the flow of credit to market entities and …

Opinion | Xi can’t ignore private enterprise anymore
6 years, 4 months ago

Opinion | Xi can’t ignore private enterprise anymore

Live Mint  

After more than five years in power, Xi Jinping has constructed a singular political persona: of a leader who places the Communist Party and its authority above all, on top of the state, the economy and military. For many Chinese entrepreneurs and their supporters in the bureaucracy and think tanks, Xi’s high-profile tour of China’s state-dominated rust belt was a …

Ministry pledges backing for private sector
6 years, 4 months ago

Ministry pledges backing for private sector

China Daily  

The Ministry of Commerce would provide full support for the development of private enterprises, and would launch more pragmatic measures so that the private economy will make more contributions to "promoting consumption, expanding foreign trade, attracting global investment and encouraging capable companies to conduct going global activities", Commerce Minister Zhong Shan said on Wednesday. "The ministry will encourage private enterprises …

Ministry pledges backing for private sector
6 years, 4 months ago

Ministry pledges backing for private sector

China Daily  

The Ministry of Commerce would provide full support for the development of private enterprises, and would launch more pragmatic measures so that the private economy will make more contributions to "promoting consumption, expanding foreign trade, attracting global investment and encouraging capable companies to conduct going global activities", Commerce Minister Zhong Shan said on Wednesday. "The ministry will encourage private enterprises …

Private firms get more support
6 years, 4 months ago

Private firms get more support

China Daily  

A visitor walks past a booth of Bank of China at the Beijing International Finance Expo on Nov 1. The bank's latest move came two days after China's top banking and insurance regulator announced three new targets for banks regarding offering loans to private firms. "According to preliminary considerations of the regulator, banks should achieve three targets: For large banks, …

Private firms get more support
6 years, 4 months ago

Private firms get more support

China Daily  

A visitor walks past a booth of Bank of China at the Beijing International Finance Expo on Nov 1. The bank's latest move came two days after China's top banking and insurance regulator announced three new targets for banks regarding offering loans to private firms. "According to preliminary considerations of the regulator, banks should achieve three targets: For large banks, …

China seeks neutral monetary policy: PBOC official
7 years, 9 months ago

China seeks neutral monetary policy: PBOC official

China Daily  

BEIJING -- China's monetary policy will be "neither tight nor loose," a deputy central bank governor said Saturday, adding that the aim is to ensure liquidity remains basically stable. Unconventional monetary policies have limitations and structural reform will play an increasingly important role in the government's policy tools mix, according to Chen Yulu, deputy governor of the People's Bank of …

China seeks neutral monetary policy: PBOC official
7 years, 9 months ago

China seeks neutral monetary policy: PBOC official

China Daily  

BEIJING - China's monetary policy will be "neither tight nor loose," a deputy central bank governor said Saturday, adding that the aim is to ensure liquidity remains basically stable. Unconventional monetary policies have limitations and structural reform will play an increasingly important role in the government's policy tools mix, according to Chen Yulu, deputy governor of the People's Bank of …

Experts urge government to support private sector[1]- Chinadaily.com.cn
10 years, 9 months ago

Experts urge government to support private sector[1]- Chinadaily.com.cn

China Daily  

BEIJING - Chinese experts have called on authorities to beef up support for the country's private sector amid a nationwide campaign to deepen reforms. The private sector has grown from nothing to a necessity in China since the launch of its reform and opening-up drive more than three decades ago, Wang Yuanzhi, executive director of the All China Private Enterprises …

China's monetary policy faces new challenges: PBOC governor
10 years, 9 months ago

China's monetary policy faces new challenges: PBOC governor

China Daily  

BEIJING - China's central bank governor said the country is facing unusually intricate economic circumstances at present, which pose new challenges to the bank's monetary policy. Zhou Xiaochuan, governor of the People's Bank of China, made the remark during a seminar held in East China's Zhejiang province, a region with thriving private lending, according to an online note released by …

China widens access in public services sectors
11 years, 7 months ago

China widens access in public services sectors

China Daily  

BEIJING -- The Chinese central government on Wednesday vowed to purchase more public services from social organizations and ramp up the construction of high-quality infrastructure in Chinese cities, in an effort to further unleash domestic demand. The central government pledged more efforts to further open market access in the public service sectors to eligible social organizations and enterprises with sound …

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