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China Encourages Investment in Its Western Regions
The Chinese government is stepping up efforts to encourage privately-run enterprises in the east to join in the nationwide campaign to develop the western part of the country.
The State Economic and Trade Commission (SETC) is working on how to provide better services for private businesses to join in the effort, according to an SETC official, who was attending a related meeting in Dalian.
Participants included some private entrepreneurs. They said that the east and west should strengthen ties in making the most of their respective technologies and resources.
The west presented more than 2,000 projects at the meeting, which aroused attention of the east.
The private economy in China's western regions accounts for about 10 percent of the economy, compared with some 50 percent in the east. It therefore has great development potential.
The central government will provide more preferential policies to develop the west and encourage more privately-run enterprises to invest in the west.
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