China Unveils Detailed Steps to Stimulate Private Sector
China's top economic planner released detailed measures on Tuesday to boost confidence and development in the country's private sector, shortly after the
TechNode 2:15 pm on April 11, 2024
China's National Development and Reform Commission (NDRC) announced 28 measures on August 23, 2023, to support the development of private businesses. These measures include tax cuts, legal protections for private firms, abolishing regulations that infringe upon equal protection, and recognizing outstanding individuals' contributions to boosting the private economy (Tech, Economy).
- China's top economic planner, NDRC, reveals measures to support private sector development
- Includes tax cuts and legal protections for private firms
- Abolishes regulations that infringe upon equal protection
- Recognizes outstanding individuals' contributions to boosting the private economy
- Supports China's private businesses through economic downturn (Tech, Economy)
https://technode.com/2023/08/01/china-unveils-detailed-steps-to-stimulate-private-sector/