Reforms to boost market fairness

Expansion mode: In this file picture, employees are seen working on the production line for domestic appliances at a factory in Jiujiang. China says it will deepen change and provide more market investment and growth opportunities to the world. ― AFP

BEIJING: China will accelerate reforms to encourage fair competition in the market, spur the vitality of smaller companies and offer private business owners greater tax incentives to give back to society, which is crucial for the country to achieve the goal of common prosperity, experts said.

Promoting common prosperity, a major component of the Chinese leadership’s historic mission of achieving the rejuvenation of the Chinese nation, was highlighted in the resolution adopted at the sixth plenary session of the 19th Central Committee of the Communist Party of China (CPC).