Sichuan to roll out more steps for non-public enterprises

Sichuan province's efforts to attract more private entrepreneurs have got off to a good start with a substantial growth in the number of private enterprises at the China (Sichuan) Pilot Free Trade Zone in Chengdu.

The free trade zone, which was set up on April 1, 2017, has till date attracted investment from 44,400 firms with a total registered capital of nearly 543 billion yuan ($78 billion).

Among the newly established firms, 522 are foreign-funded, accounting for more than one-third of the foreign-funded firms set up in Sichuan since April 2017, according to data from the provincial government. Prominent among them is Allergan, a US-based pharmaceutical company which has set up an innovation center in the FTZ.