Latest Headlines
China's top economic planner to increase support for private firms
  ·  2025-02-19  ·   Source: Xinhua News Agency

The National Development and Reform Commission (NDRC) said on February 18 that it will help private enterprises to make contributions to major national strategies, enhance security capacities in key areas, and participate in large-scale equipment upgrades and consumer goods trade-in programs.

This move follows a high-profile symposium focusing on private enterprises held on February 17, which was attended by representatives of private entrepreneurs.

The NDRC said it would revise and publish a new negative list for market access as early as possible, and would continue efforts to ensure fair private sector access to the competitive infrastructure sector and major national scientific research facilities.

In addition, the NDRC will work with related government organs to intensify regulatory measures to enforce stricter penalties for dishonest business practices and address overdue payments owed to private enterprises.

The private sector, long the backbone of China's economy, accounts for over 92 percent of the country's businesses. It also plays a pivotal role in driving China's innovation endeavors -- contributing more than 92 percent of its high-tech enterprises.

 

China
Opinion
World
Business
Lifestyle
Video
Multimedia
 
China Focus
Documents
Special Reports
 
About Us
Contact Us
Advertise with Us
Subscribe
Partners: China.org.cn   |   China Today   |   China Hoy   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency
China Daily   |   CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved  互联网新闻信息服务许可证10120200001  京ICP备08005356号  京公网安备110102005860