Free Trial

MNI BRIEF: More Protection For Private Sector - NDRC

MNI (Beijing)

China will crack down on local officials failing to honor agreements with the private sector, according to the National Development and Reform Commission (NDRC) on Thursday. The state planner said local governments found ignoring obligations or damaging fair-market transactions with the private sector will face consequences such as lower credit scores, restricted central budget support and limited access to local government special bonds.

The private sector will be given better channels for managing their complaints in the future, the NDRC said.

Authorities view private-sector support as important to boost China’s recovery, but will refrain from wide scale stimulus support given this year’s 5% growth target remains achievable. (See: MNI: China Seen Holding Off From Big Fiscal Stimulus - Bonds & Currency News | Market News)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.