MNI BRIEF: NDRC To Support Private Sector
MNI (BEIJING) - Chinese officials will introduce a new version of the market access negative list soon to open infrastructure and major national scientific research infrastructure to private enterprises, Zheng Bei, the NDRC's deputy director, told state China Central Television on Tuesday.
Local governments and state-owned enterprises need to accelerate clearing overdue debts owed to private firms, Zheng said.
Zheng mentioned that the Private Economy Promotion Law has been submitted to the National People's Congress for deliberation, and the NDRC will expedite preparations for its implementation.
The People’s Bank of China should enhance facilities supporting the nation’s stock markets and target stable asset prices, as traditional monetary policy loses effectiveness with inflation at very low levels, a prominent economist who advises the central bank told MNI in an interview. (See MNI INTERVIEW: Call For PBOC To Boost Support For Stock Market)