China's private investment grew 6 percent year on year, 2.8 percentage points higher than a year earlier, to 38.2 trillion yuan last year, according to official data.
But in recent years, activities in the private sector have become less vibrant due to economic headwinds, higher labor and material costs, entry restrictions and financing difficulties.
The trend has alarmed authorities, prompting the implementation of further measures to stimulate activities, such as streamlining investment project approvals for private investors, lowering the threshold for private firms to enter key areas, and making financing more accessible and affordable.
"Aimless and speculative enterprises will not live long. Most of the 500 top private firms thrive in the real economy, engaging in a specific field for decades," said Zhang Jindong, chairman of Chinese electronics retailer Suning Holdings Group, adding that a down-to-earth approach is the secret for a successful company.
【国内英语资讯:Xinhua Headlines: Chinas private businesses gain momentum amid challenges】相关文章:
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2020-09-15
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