Ministry pledges backing for private sector

The Ministry of Commerce would provide full support for the development of private enterprises, and would launch more pragmatic measures so that the private economy will make more contributions to "promoting consumption, expanding foreign trade, attracting global investment and encouraging capable companies to conduct going global activities", Commerce Minister Zhong Shan said on Wednesday.

He made the remarks following a symposium on private enterprises held earlier this month, at which President Xi Jinping said China will unswervingly encourage, support and guide the development of the nonpublic sector and support private enterprises to develop toward a broader stage.

"The ministry will encourage private enterprises to participate in trade fairs, take part in the Belt and Road Initiative, and go to free trade zones and overseas economic and trade cooperation zones," Zhong said.