China's Liu He says support for private business has not changed

6/9/2021 6:59:00 AM

China's Liu He says support for private business has not changed

China's Liu He says support for private business has not changed

BEIJING : China's Vice Premier Liu He said the private economy must be supported and that 'guidelines and policies for supporting the private economy have not changed...and will not change in the future,' according to a report from state-owned news agency Xinhua. Liu was speaking via video at a forum on M

LinkedIn BEIJING : China's Vice Premier Liu He said the private economy must be supported and that"guidelines and policies for supporting the private economy have not changed.LinkedIn BEIJING : China, the world's biggest vehicle market, is expected to sell 1.LinkedIn SHANGHAI : China will continue to improve monetary policy controls and its prudent macroeconomic policy framework, and construct an early-warning system to monitor and evaluate financial risks, a senior central bank official said on Saturday.LinkedIn SHANGHAI: China will continue to improve monetary policy controls and its prudent macroeconomic policy framework, and construct an early-warning system to monitor and evaluate financial risks, a senior central bank official said on Saturday (Sep 4).

..The comments were made by Xin Guobin, vice minister at China's Ministry of Industry and Information Technology, at an industry conference in Tianjin hosted by China Automotive Technology and Research Center (CATARC).and will not change in the future," according to a report from state-owned news agency Xinhua.Chen said restrictions on foreign ownership in banking, securities, fund management and insurance had been completely removed.Liu was speaking via video at a forum on Monday on the digital economy held in China's northern province of Hebei.NEV makers such as Nio Inc, BYD and Tesla Inc are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.China has launched a crackdown on a range of industries, leaving startups and decades-old firms operating in an uncertain environment.27 trillion yuan (US$197 billion) in the first half of 2021, he said.

The private economy has contributed over 50per cent of tax revenue, over 60per cent of China's GDP and 80per cent of urban employment, said Liu.But he warned that the coronavirus-induced global auto chip supply shortage still remains a pressure point on China's auto production.(Reporting by David Stanway; Editing by William Mallard) Source: Reuters.(Reporting by Gabriel Crossley and Beijing newsroom; Editing by Christian Schmollinger) Source: Reuters.

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