Global EditionASIA 中文双语Français
China
Home / China / Top News

Govt plans more policies to fuel growth of private sector

By Liu Yukun | chinadaily.com.cn | Updated: 2019-03-06 17:33
Share
Share - WeChat
Liu Shijin, former vice-president of the Development Research Center of the State Council. [Photo/Xinhua]

Policymakers are taking steps to promote the development of private economy in China, and the public should have more confidence in the outlook of the sector, said Liu Shijin, deputy head of the 13th CPPCC National Committee's economic committee.

Liu was speaking at a press conference at the second session of the 13th CPPCC National Committee.

Currently private enterprises contribute 50 percent of China's tax revenue and 60 percent of GDP. Private companies are also fueling China's job market by creating 80 percent of job opportunities and making up for 90 percent of China's enterprises in total, according to Liu.

Liu also said that the future development of China's private economy is in need of legal support, aside from preferential policies rolled out by local governments.

"Entrepreneurs of private companies want an enhanced business environment for fair competition and a consistent legal environment," Liu said.

Liu said the country needs to deepen economic reforms with a focus on tackling financing problems for small-to-medium sized private businesses.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US