Shanghai to streamline policies, cut costs for small enterprises

By Municipal government enacting more steps to boost investment, trade and standardize services for firms

Shanghai will offer proper funding, favorable policies and a better business environment to further boost the private sector, city mayor Ying Yong told Xinhua News Agency in an interview published on Thursday.

"Private businesses have the zeal to reform and innovate and we (the government) should provide them with the necessary support," said Ying. "We will make the private sector a high ground of the city's reform and opening-up and a pioneer of technological innovation."