Economics
China Vows More Support for Private Sector to Stabilize Growth
- Steps include greater market access, helping firms raise money
- State media trumpets measures as stepping up support
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China unveiled its latest slate of measures designed to bolster private-sector businesses as policy makers double down on efforts to support what is by far the country’s largest source of jobs.
The steps announced Sunday by the State Council, China’s cabinet, aim to help private firms gain better market access and equal regulatory treatment as their state-owned peers. Among actions to be taken are the further opening of key industries to non-state investors, including energy and finance, and also facilitating equity and bond sales by private-sector businesses.