Private Businesses to Garner More Support

China will better promote private businesses in the next few years, Li Rongrong, minister in charge of the State Economic and Trade Commission said Saturday in Beijing.

Speaking at a press conference at the Great Hall of the People, the newly-appointed minister said the government will perfect a credit system for private businesses, enabling them easier domestic and overseas bank loans and other financial support.

All the country's sectors which have been opened to overseas investment will be available to private businesses, he said.

Intermediary agencies will also be strengthened to provide cheaper and more efficient services to the private sector, he added.

(China Daily 03/10/2001)