Instead of short-term support...........>

CHINA PRESS: Instead of short-term support policies such as bailouts or

subsidies, full development of private-sector firms requires tax cuts and a

better business environment with fair competition, said Financial News, the

newspaper run by the People's Bank of China, in an op-ed piece Thursday.

- The key to optimizing the business environment is to enhance the status of

private-sector companies, making sure they enjoy equal treatment with SOEs in

attracting talents, receiving risk guarantees, obtaining financing and getting

through administrative processes, the newspaper said.

(Link to the story: https://bit.ly/2PP0OL6)