Chinese Liu He says support for private companies has not changed


Source: uktimenews.com uktimenews.com

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BEIJING: Chinese Vice Premier Liu He said that the private economy must be supported and that “the guidelines and policies to support the private economy have not changed … and will not change at the future, “according to a report by the state-run Xinhua News Agency. Liu was speaking via video at a digital economy forum on Monday in northern China’s Hebei Province. China has launched a crackdown on a range of industries, leaving startups and decades-old businesses to operate in an uncertain environment. The private economy has contributed more than 50 percent of tax revenue, more than 60 percent...