China removed restrictions on private investment activity

Almaty. May 5. Silkroadnews – On Wednesday the Chinese government made a decision to remove restrictions on private investment activity to boost the private investors’ potential and innovations, Xinhua reports.

“We shall provide the private investors with greater access to the market, fair business conditions and take effective measures to ensure the private investment stability,” states the document approved at the working meeting of the State Council of the PRC chaired by prime minister Li Keqiang on Wednesday.

The meeting’s participant emphasized the private investment is a great contribution to the stable economic growth and restructuring of the economy. The private investments also help to solve the employment problem.

The State Council is ready to delegate special inspection team in some areas of the country to monitor the realization of the central government’s policy to encourage private investment and, at the same time, introduce a mechanism to evaluate the local authorities’ performance.

The purpose of the inspection, according to the council’s decision, is to improve policies to encourage private investment, strengthen the enterprises’ status as market entities and boost the entrepreneurship.