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Premier Li promises equal treatment for private enterprises

Updated: Mar 4,2019 11:29 PM

Policies for private enterprises will not be changed, Premier Li Keqiang stressed at a panel discussion on March 4 with political advisers from the China Democratic National Construction Association and the All-China Federation of Industry and Commerce  who attended the second session of the 13th National Committee of the Chinese People’s Political Consultative Conference (CPPCC).

Among over 100 million market entities in China, more than 90 million belong to the private economy, which includes over 27 million private enterprises and over 65 million individual businesses, so it would be impossible to change the policies for them, Premier Li said.

Private enterprises are not only the new force for development in China, but also the main force for creating jobs, playing an invaluable role in China’s modernization, Premier Li said.

“We will treat publicly owned and privately owned enterprises equally, to create a greater space for the development of private enterprises,” he added.