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China will “unswervingly” support healthy development of private economy


© Reuters. FILEPHOTO: A group of people walk by a office and commercial building in Beijing’s Central Business District (CBD), China, March 15, 2021. REUTERS/Tingshu Wang

BEIJING (Reuters) – China’s vice premier Liu He said on Thursday that China will “unswervingly” support the healthy development of the private economy, as well as exploring ways to alleviate pressure from rapidly rising costs on small firms, according to state media.

Liu made a written statement at a Guangzhou forum, stating that the government must improve policy transparency, predictability, and protection of intellectual property rights for small companies to ensure equal competition.

Liu said that China would make greater use of capital markets in order to support small businesses’ growth.

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