September 4, 2023

In a significant move to further bolster the private sector, a crucial driving force for the country's economic output, China announced on Monday that it has set up a bureau specializing in promoting the private economy's development under the country's top economic planner.

The latest arrangement has sent a reassuring signal to domestic private players that the country is resolved to improve the business environment by taking concrete actions to implement previously launched supportive measures in broader efforts to shore up the world's second largest economy, which has been on a bumpy road of recovery in recent months, experts told the Global Times.

The newly launched bureau under the National Development and Reform Commission (NDRC) will strengthen policy coordination in relevant areas, and ensure that relevant measures are implemented as early as possible and achieve tangible results, Cong Liang, deputy head of the NDRC, told a press conference on Monday.

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https://www.globaltimes.cn/page/202309/1297540.shtml