China’s state planner says it has met again with some of the country’s leading private firms as it bids to re-invigorate its post-pandemic economy.
The National Development and Reform Commission (NDRC) said in a statement on Monday that it had held a meeting with companies including Baidu and LONGi Green Energy Technology.
The next step, it said, will be to continue to improve communication with private enterprises and address their specific demands in a targeted manner.
Also on AF: Taiwan’s Foxconn Pulls Out of $19bn Vedanta India Chip JV
This is the second round of meetings between the NDRC and private firms.
Chinese Premier Li Qiang heads the State Council, or cabinet, which oversees the state planner and he has been attempting to reassure the private sector as part of his drive to re-boost China’s struggling economy.
“Private entrepreneurs or enterprises will enjoy a better environment and broader space for development … we will create a level playing field for all kinds of market entities and we will make further efforts to support private entrepreneurs to grow and thrive,” Li said during an address in March.
- Reuters with additional editing by Sean O’Meara
Read more:
China Pledges to Back Private Sector After Years of Curbs
New China Premier Vows ‘Better Environment’ for Private Sector
China’s Private Sector Shut Out of Xi’s Party Congress – FT
