China: China unveils steps to boost private sector
  • 2023-11-22
  • Entrepreneurship Research Center on G20 Economies
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  • China's top economic regulator, along with several ministries and departments, rolled out on Tuesday a series of 28 detailed measures to tackle prominent problems facing private enterprises. The measures include cutting red tape to facilitate the enterprises' participation in major national science and technology projects. The move came just two weeks after the country unveiled a general guideline in July to drive its private sector.

    According to the National Development and Reform Commission, private capital will be encouraged to participate in major national projects that are profitable and mature, and to issue real estate investment trust products for infrastructure projects.

    "Green light" investment cases will also be published continuously to drive the sound development of the platform economy, the commission said. "Green light" investment refers to deals involving new technologies and services that can help empower the real economy.

    The new measures primarily cover five key aspects — promoting fair market access, offering stronger financial support, boosting legal guarantees, optimizing services and creating a sound atmosphere for private companies.

  • Partners

  • Global Health Innovation Center (GHIC)
  • World Intelligent Incubation Network (WIIN)
  • National University of Singapore
  • Canada-China Institute For Business & Development
  • TusPark Research Institute for Innovation
  • Cross-strait Tsinghua Research Institute
  • Tsinghua X-Lab

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