CHINA PRESS: The key to stabilizing the economy is promoting the healthy

development of private companies including small and medium-sized enterprises

(SMEs), Financial News, a newspaper run by the People's Bank of China, reported

on Friday citing Wang Qing, chief analyst at credit rating firm Dongfang

Jincheng.

- Resolving the financing difficulties for private companies and SMEs will have

a direct impact on easing the irrational fluctuation of market sentiment and

boosting investors' confidence, Wang said;

- SMEs provide 80% of job opportunities in cities. About 60% of China's fixed

asset investment came from private companies. They also contribute to half of

China's exports. 

- Boosting development of private businesses will help achieve the goal of

"stablishing the growth of employment, investment and foreign trade" set by the

Politburo during a meeting on Wednesday, Wang said.

(Link to the story: https://bit.ly/2P3GNzS)