China’s state planner NDRC held meetings with private companies, third in a month, vowed more support
COMPANY NEWS MACRO POLICY & REGULATION
China’s state planner NDRC held meetings with private companies, third in a month, vowed more support
COMPANY NEWS MACRO POLICY & REGULATION

China’s state planner NDRC held meetings with private companies, third in a month, vowed more support

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

The National Development and Reform Commission (NDRC), China’s top economic planner, held a meeting with private companies on Monday, the third such meeting within a month, to learn about their business situation and difficulties and vowed to address their concerns.

Companies from sectors including metallurgy, electronic components, food processing and modern logistics were invited to the meeting, including chemical and logistics firm Transfar Group, metallurgy firm China Fangda Group, dairy products maker China Feihe and supplier of precision optical instruments Zolix, the NDRC said.

Zheng Shanjie, head of the NDRC, emphasized the need to accelerate the construction of a modern industrial system with advanced high-end manufacturing as its backbone and the further integration of modern services.

The NDRC will further optimize its communication channels with private companies and hold such meetings on a regular basis. Economic planners at the local level will also be guided to listen to the calls of private companies, optimize the business environment, and foster concerted efforts for the sound development of the private sector.

In the previous two such meetings within a month, Zheng met companies including Sany Group, AUX Group, Shanghai YTO Express (Logistics) Co, Bosideng, Nongfu Spring Co, Baidu, LONGi Green Energy Technology Co, Jemincare, Spring Tour, and Donkey Meat Cao Catering, etc.

Several other Chinese government departments have vowed to step up support to promote the healthy and high-quality development of the private economy and consolidate the foundations of economic recovery.

Last week, Chinese Premier Li Qiang presided over a meeting with platform operators including Alibaba, Douyin and Xiaohongshu, calling on relevant authorities at all levels to create a fair and competitive market environment, along with improved policies, and to establish a sound, transparent and predictable regulatory system for normalized regulation.