Private firms given a boost by State Council

Premier Li Keqiang is pushing ahead with economic restructuring by setting up a joint liaison team headed by the mainland's top economic planner and introducing concrete measures to allow private firms to enter industries dominated by state-owned monopolies.迷你倉價錢The moves come just two months before a key meeting of the Communist Party's Central Committee which is widely expected to announce important economic reforms.The State Council had approved the setting up of a joint-meeting mechanism under which key regulators will hold regular or irregular meetings on economic reforms, Xinhua reported yesterday.The joint meetings, to be headed by the National Development and Reform Commission (NDRC), aim to solve problems in economic restructuring, research and study key reform schemes and co-ordinate on policies involved in the pilot reforms, it said.Led by the NDRC, 35 ministries, administrations and other organisations will attend the meetings, with participants including the Ministry of Education, the Ministry of Science and Technology and the People's Bank of China.The State Council also announced several measures to allow private investment greater access to sectors previously monopolised by state-owned co迷你倉panies, China Central Television reported.It heard a report on the status of private investment from the All-China Federation of Industry and Commerce, a key association representing the mainland's private enterprises. The investment environment remained challenging for private enterprises and many policies designed to aid them that had been introduced since 2010 had not been fully implemented, the report said.The State Council urged government departments to map out firm policies to help tackle challenges faced by private investors. It also requested that departments release a batch of "model" projects for private investment in sectors monopolised by the state-owned enterprises (SOEs). The sectors include finance, oil, electricity, railways, telecommunications, resources development and public utilities."Chinese private enterprises have been operating in a unfavourable environment for a long time," economist Lin Yixiang said. "Every time the economy expands, they can benefit only after the SOEs. But when the economy is cooling down, private enterprises are normally hit hardest."The most important thing is to provide fair competition for all parties, no matter whether they are private or state-owned."儲存