Home / News
The authorities in Jinggu plan to implement further policies to accelerate the development of the private sector, Pu'er Daily reported.
The new policies will focus on service improvement, and will in particular aim to support companies which are scientifically and technologically oriented, and also those that are export-oriented or related to ecological environmental protection.
Starting from this year, the government will allocate two million yuan annually to assist the development of the private sector, paying particular attention to programs which emphasize corporate restructuring, technology conversion, conserving energy and reducing emissions, research and development, market exploration, attracting investment and personnel training. All county-level banks have been advised to expand bank loans and provide tax-free loans and petty loans. The government is also committed to provide at least 50% of the newly added loans every year to support the development of the private sector.
The private sector growth target is set to increase by a total of four billion yuan with an annual growth rate of 10% by 2016 which will equal more than 49% of the local GDP. The annual growth of employment rate is expected to reach 10% and will increase the tax revenue turned over to the state to 250 million yuan. The authorities also plan to support one private company with sales revenue of more than one billion yuan, one private company with sales revenue of 0.5 billion and one private company with sales revenue of 100 million.
Other measures include strengthening infrastructure and facilities, the provision of more preferential policies and the removal of barriers to investment, and expanding the High-tech Industrial Development Zone.
Edited by Niva Whyman
