Heilongjiang rolls out red carpet for private firms

Heilongjiang will give private firms full support to help them become the most dynamic growth point in the provincial economic boom, said Zhang Qingwei, the provincial Party secretary in an interview with Xinhua News Agency.

President Xi Jinping's recent speech on the private economy has boosted confidence in the private sector of Heilongjiang, an old industrial base in Northeast China.

"The private economy plays an indispensable role in the province since reform and opening-up policies were launched in the late 1970s," Zhang said. "Now the private sector has become a key pillar of the provincial economy."