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China Should Support Expansion Of Private Economy

CHINA PRESS
MNI (Singapore)

The central government should show it is determined to develop and expand the private economy, and combat arguments that may weigh on market expectations such as “common prosperity means robbing the rich to aid the poor”, 21st Century Business Herald reported citing Yang Weimin, deputy director of Committee for Economic Affairs of the National Committee of the Chinese People’s Political Consultative Conference. It is necessary to abolish measures that are unfair to the private economy and remove hidden barriers, and officials at all levels should solve problems and do practical things for private enterprises, Yang was cited as saying. The 20th National Party Congress proposed “promoting the development and expansion of the private economy” for the first time, Yang added.

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