Home>News Center>China
       
 

China adopts guidelines to promote private sector development
(Xinhua)
Updated: 2005-01-13 01:33

China's State Council passed in principle guidelines on encouraging, supporting and guiding the development of the non-public sector of the economy at its executive meeting here Wednesday.

According to a decision made at the meeting chaired by Chinese Premier Wen Jiabao, efforts should be made to create a sound environment for the development of the private sector economy.

It is imperative to create a better environment for private sector to compete on the equal footing and free it from discrimination, says the decision.

The decision lists a number of changes which should be made, including further relaxing restrictions on the non-public sector's market access, giving it more support in terms of finance and taxation and improving social and government services for the sector.

"It will be encouraged and supported to introduce non-public capital to the fields including infrastructure, monopolized industries, public utility," says the decision.

The decision also urges to guide private enterprises to do business in legal way.

The decision says growth of the non-public economic sector is of "great strategic significance" to China's social and economic progress and modernization.

"It is conducive to promoting economic prosperity in urban and rural areas, increasing fiscal revenue, expanding employment, improving people's lives, optimizing economic structure and promoting economic growth," says the decision.



 
  Today's Top News     Top China News
 

Beijing reveals plan for cross-Straits charter flights

 

   
 

Nation jumps to be world third largest trader

 

   
 

Hu offers systematic cure to corruption

 

   
 

Minister positive about Sino-US military ties

 

   
 

Draft law aims to hold back monopolies

 

   
 

Train ticket price to soar 20 per cent

 

   
  Draft law aims to hold back monopolies
   
  Green envoys galvanized to action
   
  Hu offers systematic cure to corruption
   
  Beijing reveals plan for cross-Straits charter flights
   
  Asian Games 'facelift' benefits Guangzhou
   
  Passengers take airlines to court
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement