Guangdong strengthens support for private investment
China DailyThe Guangdong provincial government recently issued a series of implementation plans to further strengthen its efforts to support the development of private investment. The move aims to actively promote private investment, allowing it to play bigger part in the transformation and upgrading of the manufacturing industry and promoting the revitalization of rural industries in the southern province, said Hu Hong, deputy secretary-general of the Guangdong government. "Non-government investment has been an indispensable and important force in building Guangdong into a province with strong and high quality manufacturing industrial development and promoting high-quality development in 100 counties, 1,000 townships and 10,000 villages in Guangdong," he said. To encourage and support the development of private investment and the non-governmental economy, Guangdong has also introduced a series of measures focused on addressing possible concerns about private investment, Hu said.