Communique Brings More Chances to Private Sector: Business Owners
    2013-11-13 19:09:41     CRIENGLISH.com      Web Editor: Sun Wanming
The new reform blueprint released by the Chinese authority has pledged for development in the non-public sectors of the economy. Private business owners have welcomed the guideline as a policy boost for the private sectors.


 

The new reform blueprint released by the Chinese authority has pledged for development in the non-public sectors of the country's economy.

Private business owners have welcomed the guideline as a policy boost for the development of private sectors.

CRI's Alexander Abcoutt has more.

The authorities have pledged to encourage non-public sectors to stimulate vitality and creativity in the whole economy.

Chen Guangxiao, a business man who works in the construction industry, says the guideline is a booster for his business.

"We hope there will be more policy support for our private businesses. One is on taxation; currently we are facing a heavy tax burden. We have to pay taxes for different items and the procedure is very complicated. Sometimes for one project, we need to go through over 700 formalities. And after this meeting, we feel more confident with our business, and it should be a huge support for private businesses like us."

The communique also stresses to biuld an open and unified market with orderly competition.

Hong Hao, the director of Huinan Hongri New Energy, says an open market will bring more fair chances to private sectors.

"The communique highlights the setup of a fair market competition system; it is a good opportunity for private businesses to have a fair chance in the market. The development of an industry should not depend on government's administrative measures, but based on the market. So I think creating a market with orderly competition is a good chance for the new industries. "

Entrepreneurs also voice their hope for improvement in the protection of interlectual property right.

For CRI, I'm Alexander Abcoutt .

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