- MEDIA CENTER
The pledge by China's top leadership to unleash the positive role of private capital while preventing its unchecked and reckless expansion has underscored top policymakers' desire to refine capital regulations to revive investment activities amid economic downturn while ensuring fair competition and better protection of public interests, experts said.
Southwest China's Guizhou province recently issued a plan setting goals, tasks and measures to boost the high-quality development of the new energy battery and battery material industries in 2022.
Southwest China's Guizhou province recently released a three-year action plan to promote the listing and high-quality development of companies.
Guiyang, capital of Southwest China's Guizhou province, released several measures to encourage foreign investment utilization this year.
China will accelerate reforms to encourage fair competition in the market, spur the vitality of smaller companies and offer private business owners greater tax incentives to give back to society, which is crucial for the country to achieve the goal of common prosperity, experts said.
The Guizhou industry and information technology department recently released a development plan for small and middle-sized companies, or SMEs, during the 14th Five-Year Plan (2021-25) period.
New plans are for Southwest China's Guizhou province to extend it supply-side structural reform and innovation of systems and institutional mechanisms – making the services industry a booster to overall economic growth.