BEIJING: More efforts must be undertaken to drive the healthy development of the nonpublic sector and give full play to the dynamic role of private entrepreneurs so they will dare to make breakthroughs, China’s top leadership said in recent high-level conferences.
The emphatic declaration spoke of China’s strong determination to develop the nonpublic sector. Industry experts and company executives said will greatly stimulate market vitality and support stabilizing the nation’s economic fundamentals in the second half of the year.
President Xi Jinping said at the Central Conference on United Front Work in late July that China must facilitate the healthy growth of the nonpublic sector of the economy and encourage those working in this field to achieve success.
“It demonstrated that the country is striving to offer a stable and predictable business environment for nonpublic sector, especially private businesses, which is of great significance in boosting their confidence and stabilizing expectations,” said Zhang Lianqi, a member of the Standing Committee of the 13th National Committee of the Chinese People’s Political Consultative Conference.
“With better market expectations, more companies and entrepreneurs will move boldly for their business. This, in turn, will drive economic recovery as well as the steady development of sectors like real estate and the platform economy,” he said.
–The Daily Mail-China Daily news exchange item
