June 05, 2024 05:57 GMT
MNI BRIEF: Beijing Stresses Private Sector Support
MNI (BEIJING)
MNI (Beijing)
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
China's government will aim to provide favourable monetary and financial conditions and ensure a solid foundation for private enterprises to integrate into the new development pattern of the economy better, senior policymakers from the National Development and Reform Commission said Wednesday.
Meeting with private entrepreneurs, top officials noted China’s private economy acts as an important force towards modernisation and high-quality development.
China’s economic slowdown represents the biggest challenge for foreign firms wanting to operate there, with Beijing recently improving market access, a leading European lobbyist has told MNI (See MNI INTERVIEW: Euro Firms Face Slow China Market)
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