Creating bigger role for small enterprises

Against the backdrop of sluggish world economic recovery, the Chinese government made great efforts in guiding the private sector last year and launched a series of supportive policies.

In mid-July, the Communist Party of China Central Committee and the State Council jointly issued guidelines, complete with 31 measures, to boost the growth and development of the private sector. Breaking down market barriers and protecting the rights of entrepreneurs abroad figure among the proposed measures.

In late July, the National Development and Reform Commission, the country's top economic regulator, unveiled 17 measures to further encourage private investment. It also worked with multiple departments and jointly released 28 measures later to boost the growth of private enterprises, in terms of market access, support for factors of production, legal guarantees, enterprise services and business environment.

In September, the NDRC set up a special private sector development bureau, which also marked a milestone in the country's efforts in driving the private sector.

The main role of the bureau is to focus on the sector's needs, coordinate and organize the formulation of policies and measures to promote its development, and provide policy incentives to boost private investment.

Wei Dong, head of the bureau, said the bureau has already effected concrete measures. For instance, it has added the provision of local government support for the development of the private sector to the list of matters to be annually supervised by the State Council. The bureau will reward those excelling in this regard.