State sector

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

China’s third plenum vows to support ‘capable’ private sector to lead tech innovation

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China’s third plenum vows to support ‘capable’ private sector to lead tech innovation

The document also covered a wide range of reform objectives for the next five years in areas including economic development, science and technology, human capital, defence, social security and ideology. And while the endorsement for the private sector is barely new – similar ones were made in government documents last year or even earlier – … Read more