Non-public sector set for boost

Beijing will carry out a series of measures in fields including financing, tax reduction and increasing project opportunities to support the development of private companies, the city's mayor Chen Jining said on Monday.

Echoing President Xi Jinping's speech on Nov 1 supporting the private economy in China, Beijing municipal government will provide full services for private companies in their land use, housing facilities and talent introduction, Chen said.

"To ease the financing difficulties of private companies, the city will enlarge its financing assurance fund to 10 billion yuan ($1.44 billion) and establish a finance service platform for small and micro businesses," he said.