Beijing has rolled out another major document to promote private investment. The General Office of the State Council recently issued the Several Measures on Further Promoting the Development of Private Investment. The Measures propose 13 policies organized around three goals: expanding market access, clearing bottlenecks and strengthening guarantees. These moves send a strong signal about the government’s desire to boost private investment and should help further stimulate its vitality and growth.
Private investment is a key weather vane for economic activity and plays a vital role in stabilizing growth, employment and expectations. Since China began tracking private investment in 2012, it has consistently accounted for over half of the country’s total investment. The new measures focus on the difficulties private investors have faced in entering certain markets.
