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People's Daily Online>>China Politics

Senior Chinese official reiterates support for non-public economy


13:49, December 03, 2011

BEIJING, Dec. 2 (Xinhua) -- China will stick to the support for its non-public businesses by maintaining a fair economic and legal environment, top political advisor Jia Qinglin said Friday.

In a meeting with non-public entrepreneurs, Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, said the non-public economy is an indispensable and important part of China's modernization drive.

Promoting the healthy development of the non-public economy is a long-term task that needs to be implemented resolutely, he said.

The government has stepped up financial support and introduced tax breaks to boost private and small-sized businesses, which contribute to more than half of China's GDP and provide about 80 percent of jobs.

Jia said advantages and opportunities exist in the development of non-public businesses, urging entrepreneurs to seize opportunities and contribute to boosting economic development.


Leave your comment2 comments

  1. Name

KamHua at 2011-12-04212.224.186.*
The non-public sector is of vital importance for the development of a Chinese welfare state.Of course there will always be a public sector, which is also important and must not be neglected.But the economy, job creation etc. should be dependent most on the non-public sector.A reasonable balance of public and non-public sector should not be ignored.I do not agreed with the comment of B.J.Murphy: “This goes against everything socialism stands for ”. It has nothing to do with socialism and I mean modern socialism, not the old way of socialism.China should develop into a socialist country with strong Chinese characteristics. I mean to say that a socialist country always protect its poor, the weak, disables, eldest etc.In an environment with a good/balance and growing economy, in general, the government should take care of the least fortune ones together with the charity organizations.In special times, when the economy/financial situation is bad (as in the west now) the government must make sure that the strongest shoulders (riches) carry the most of the burden.That’s why a good medical and social security system should be in place for the whole of China.This is important to help soften the burden for the weakest one in society.
B.J. Murphy at 2011-12-0465.188.133.*
This goes against everything socialism stands for. If socialist construction in China is to continue, the public sector must be in the thoughts and minds of the Communist Party of China.

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