State Council addresses concerns by public
In the past week departments and ministries under the State Council, China's Cabinet, have responded to a series of public concerns. They included promoting private investment, optimizing archive management, a consumer warning about the botulinum toxin and dealing with violations in the National College Entrance Examination, or gaokao.
The National Development and Reform Commission, the Ministry of Industry and Information Technology and the Ministry of Finance jointly inspected the development of private investment in May. This showed a lack of private investment confidence due to sluggish market demand, overcapacity in some industries, high costs and some deficiencies in government service.
The government tries to promote private investment by reducing the burden on investors, and providing better services. The National Development and Reform Commission has made great efforts to help enterprises expand direct financing channels, such as actively supporting enterprise bonds.