The Chinese government's official website reported on the 27th that the State Council has recently sent inspection teams to six provinces—Jiangsu, Henan, Hunan, Guangdong, Sichuan, and Shaanxi—to evaluate the implementation of the "Several Opinions of the State Council on Encouraging and Guiding the Healthy Development of Private Investment," commonly known as the "New 36 Articles." The goal of this policy is to create a more favorable environment for private enterprises and boost their participation in key economic sectors.
During the inspections, several issues were identified. Some local governments failed to fully implement their responsibilities, and certain aspects of the private investment policies still require further refinement. Additionally, some administrative departments did not treat private companies equally with state-owned enterprises in practice. There were also concerns about the lack of support in areas like financing guarantees and employee training for private businesses.
The inspection teams were led by high-level officials from the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Supervision, with representatives from 13 different government departments involved. They conducted detailed assessments by reviewing reports, visiting private companies, and gathering feedback through interviews and document reviews. The focus was on how well local governments had adopted the "New 36 Articles" and whether they had effectively guided private investment into critical sectors such as infrastructure, education, healthcare, public utilities, housing, financial services, trade, defense technology, and technological innovation.
In response to the findings, the inspection teams provided clear recommendations for improvement. They urged local authorities to enhance information platforms, ensure timely release of relevant policy updates, and help private investors stay informed about industrial trends, development plans, and government initiatives. They also emphasized the need to support small and medium-sized enterprises by improving tax incentives, increasing financial aid, expanding government procurement, and strengthening financial services.
Overall, the inspection highlights the ongoing efforts to create a more transparent and supportive environment for private investment in China, while also pointing out the challenges that remain in ensuring fair treatment and effective implementation across all levels of government.
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