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State Council urges expanding private investment
2016/05/05

At the State Council executive meeting presided by Premier Li Keqiang on May 4, a decision was made to carry out special supervision on the private investment policy implementation and expand private investment. To accelerate the transformation and upgrading of "Made in China", the decision was made to promote a deep integration of manufacturing industry and the internet. House leasing market will be developed to promote the new type of urbanization. The development of the aviation industry was also discussed at the meeting.

The meeting decided that private investment is the most important support for stable economic growth, structural adjustment and employment promotion. Currently, the growth rate of private investment has slowed down, so effective measures should be taken to promote related policies to be carried out. The market should be further eased and an equal business environment should be created.

The meeting decided to send special inspection groups to some regions. They will inspect the implementation of related policies encouraging private investment issued in 2014. A third-party evaluation will be carried out at the same time.

Existing problems need to be solved to improve policies. Enterprises should be respected and the entrepreneur spirit should be encouraged to stimulate the potential and innovative vitality of private investment.

The meeting pointed out that further integration of manufacturing industry and the internet is an important measure to deepen structural reform, especially supply-side structural reform. It can also help develop the new economy, and improve the quality and efficiency of "Made in China".

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