BEIJING, June 12 (Xinhua): Chinese experts have called on authorities to beef up support for the country's private sector amid a nationwide campaign to deepen reforms.
The private sector has grown from nothing to a necessity in China since the launch of its reform and opening-up drive more than three decades ago, Wang Yuanzhi, executive director of the All China Private Enterprises Federation, told the news agency.
He said development of the non-public economy should not be a temporary fix for China, but a long-term strategy.
"Supporting the non-public economy remains a key task of China's current national campaign to deepen reforms," he said. "The reforms will most definitely buttress China's private sector and vice versa." His comments came days after Chinese top political advisor Yu Zhengsheng called for an end to rules shackling private businesses and increased support for small and medium-sized enterprises.
Speaking during an inspection tour of central China's Hubei Province, Yu urged private firms to focus on innovation, nurture creative talent, increase core competitiveness and take the lead in emerging industries such as new energy and environmental protection.
Chinese govt urged to support private sector
FE Team | Published: June 13, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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