Chinese President Xi vows to safeguard private sector’s property rights, support high-end manufacturing
MACRO POLICY & REGULATION
Chinese President Xi vows to safeguard private sector’s property rights, support high-end manufacturing
MACRO POLICY & REGULATION

Chinese President Xi vows to safeguard private sector’s property rights, support high-end manufacturing

 

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Chinese President Xi Jinping said that China should safeguard the property rights of private-owned enterprises and the rights and interests of entrepreneurs according to the law. 

The requirement for equal treatment of state-owned enterprises (SOEs) and POEs should be implemented in the system and law, Xi said.

China should optimize the operating environment for POEs and break down institutional barriers that restrict them from participating in market competition on a level playing field, he said.

China will take forceful measures to support the development of high-end manufacturing, Xi also said.

The manufacturing industry must always be a pillar of strength for China, Xi told delegates from Jiangsu province. 

and the country must ensure its self-reliance in technology, foster small and medium-sized enterprises and build global centers for innovation, Xi said.