Chambers move to support growth of private sector

As the fires of entrepreneurship burn in western China, the Chengdu Federation of Industry and Commerce is expanding a program that will help its member chambers of commerce do more to support 240,000 private-sector enterprises in the city.

An official of the CFIC, said the organization is working with governments, banks and research institutes to give full play to various chambers of commerce and their member enterprises in Chengdu, as well as opening new channels to private investment for diversifying their business scope.

The CFIC was established in 1953 as a local organization under the All-China Federation of Industry and Commerce. It has 78 chambers of commerce representing different interests, with 49 chambers for companies from other cities and provinces, 27 trade chambers and special associations for women or young entrepreneurs.