China’s NDRC: Precise policies to be implemented to help ease difficulties faced by private firms

The National Development and Reform Commission (NDRC), China’s state planner, said in a statement on Tuesday that “precise' policies to be implemented to help ease difficulties faced by private companies.”

Additional takeaways

'Current' political, economic and social environment very conducive to development of private economy.

China will further break down barriers to market access, revise and introduce a new version of the negative list for market access as soon as possible.

Will continue to solve difficulties and high-cost of financing for private enterprises.

To speed up preparations for implementation of private economy promotion law.

Will resolutely crack down on smearing and defaming the image and reputation of enterprises.

To promote fair opening of competitive areas of infrastructure and major national research infrastructure to private enterprises.