The Chinese government website reported on the 27th that the State Council has sent an inspection team to evaluate the implementation of the "Several Opinions of the State Council on Encouraging and Guiding the Healthy Development of Private Investment" in six provinces: Jiangsu, Henan, Hunan, Guangdong, Sichuan, and Shaanxi. This policy, commonly referred to as the "New 36 Articles," aims to promote private investment and improve the business environment for private enterprises.
During the inspection, several issues were identified. Some local governments failed to fully implement their responsibilities, and the policies meant to encourage private investment still require further refinement in certain areas. Additionally, some departments did not treat private companies equally with state-owned enterprises in practice. The service system for private investment also needs improvement, particularly in terms of financial support, loan guarantees, and employee training programs.
The inspection team was led by senior officials from the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Supervision. A total of 13 relevant departments participated in the review. The team conducted site visits, met with private enterprise representatives, reviewed documents, and listened to reports from local authorities. Their focus was on assessing how effectively local governments had implemented the New 36 Articles, especially in key sectors such as infrastructure, education, healthcare, public utilities, housing, finance, trade, national defense technology, and innovation.
The inspection emphasized the importance of creating a more favorable environment for private investment, improving service quality, and ensuring better management practices. In response to the findings, the inspection team provided clear recommendations to local governments. They urged them to enhance information platforms, release timely policy updates, and help private investors stay informed about industrial trends, development plans, and construction projects.
Furthermore, the teams called for stronger support for small and medium-sized enterprises (SMEs), including improved tax incentives, increased financial aid, and greater government procurement support. They also highlighted the need to strengthen financial services and build a more comprehensive support system for private businesses.
This ongoing effort reflects the government's commitment to fostering a more dynamic and inclusive economic environment, where private investment can play a more significant role in driving growth and innovation.
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