Private firms seen as key to growth prospects


Way forward: People visit a booth at a semiconductor expo in Nanjing, China. With the private and public sectors set to cooperate on multiple levels, including investing in joint ventures, an acceleration in technological breakthroughs is expected. — AFP

BEIJING: China’s latest efforts to boost private investment and the non-public sector will help entrepreneurs gain a firmer footing in key emerging sectors, which will further stimulate market vitality and drive economic recovery, say company executives and industry experts.

They made the comments as the National Development and Reform Commission (NDRC) unveiled a package of 17 measures to drive private investment, including offering financing support for private investment projects and further optimising private sector investment.

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