China reiterates support for non-public economy

Updated: 2011-12-02 20:55

(Xinhua)

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BEIJING- China will stick to the support for its non-public businesses by maintaining a fair economic and legal environment, top political advisor Jia Qinglin said Friday.

In a meeting with non-public entrepreneurs, Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, said the non-public economy is an indispensable and important part of China's modernization drive.

Promoting the healthy development of the non-public economy is a long-term task that needs to be implemented resolutely, he said.

The government has stepped up financial support and introduced tax breaks to boost private and small-sized businesses, which contribute to more than half of China's GDP and provide about 80 percent of jobs.

Jia said advantages and opportunities exist in the development of non-public businesses, urging entrepreneurs to seize opportunities and contribute to boosting economic development.