国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Private investment incentives reviewed

By ZHANG YUE (China Daily) Updated: 2016-05-05 02:10

China will conduct a one-month, sweeping examination of a series of incentives encouraging private investment that were designed to boost the role of such investment in the country's economic development.

The examination will review implementation of 39 State Council documents released in 2014 that have encouraged social investment in key innovation sectors. It will be conducted throughout May in 18 provinces and regions across China.

The review was announced at Wednesday's executive meeting of the State Council, or China's Cabinet, which was presided over by Premier Li Keqiang.

"Any decline in private investment will affect the vitality of China's economy," Li said.

"What's more, private investment is a crucial driving force for the country's private economy, which provides over 80 percent of the country's total employment opportunities," he added.

China's economy increased by 6.7 percent year-on-year in the first quarter, within the 6.5 to 7 percent yearly growth target that the government set in March. This has to some extent steadied nerves internationally regarding China's economic performance, after the year began with stock markets tumbling and negative expectations at home and abroad.

However, there were concerns because the country's private investment rose in the first quarter by only 5.7 percent, down by 7.9 percentage points compared with the same period last year.

The premier called on local governments and ministries to provide support for private investment. "We should not offer umbrellas on sunny days and take them away while it is raining," Li said.

While China is going through an economic transition from being an export-oriented economy to one that is consumption-driven, private investment momentum is considered to be a long-term driving force for economic growth. It is also seen as reflecting the private business sector's confidence in the nation's economy.

Since 2005, the State Council has been carrying out incentives to encourage private investment. A number of major infrastructure projects that were previously off-limits to private investors were gradually opened up for social investment. Private entrepreneurs can now invest in projects in transportation, energy, water and environmental protection, as well as urban utilities.

However, implementation of these incentives has faced various setbacks, such as local red tape and difficulty in getting loans.

"What bothered me most is that we private investors are not treated the same as our public counterparts, and we still face too many restrictions," said a private entrepreneur who requested anonymity.

The comprehensive examination, which is to be completed by the end of the month, is expected to keep steady the momentum of China's private investment growth.

"Problems found during the examination need to be handled appropriately, and a third-party evaluation will be carried out toward the implementation of incentives in encouraging private investment," the premier said.

Hot Topics

Editor's Picks
...
樟树市| 来宾市| 德化县| 扶余县| 科技| 江安县| 巢湖市| 沙河市| 琼结县| 仙游县| 巩留县| 常宁市| 固阳县| 梅州市| 南开区| 应城市| 子长县| 苏尼特左旗| 顺义区| 嵊州市| 南丹县| 仲巴县| 来安县| 丹寨县| 南涧| 诸暨市| 上饶市| 天柱县| 天峻县| 张家港市| 渝中区| 湟源县| 垣曲县| 霍山县| 南靖县| 治县。| 米易县| 姚安县| 阿勒泰市| 河曲县| 玉田县|