private entrepreneurs

China’s top planner vows to help private firms ‘conquer difficulties’ to boost economy

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China’s top planner vows to help private firms ‘conquer difficulties’ to boost economy

China’s top economic planner has reassured private entrepreneurs it will “spare no effort” to help companies “conquer difficulties”, in Beijing’s latest move to revive the economy. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), hosted a meeting on Friday with representatives from several private companies to learn about business conditions, problems they … Read more

Opinion | China’s third plenum shows its reform era has entered a new phase

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Opinion | China’s third plenum shows its reform era has entered a new phase

China’s economic system is founded on the reforms carried out in the 1990s. With the unification of dual exchange rates in 1994, markets became the main tool to set prices. Many state-owned enterprises were either privatised or went bankrupt. Since then, privately managed businesses have consistently gained ground. The conventional formula to describe the role … Read more