Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 8 (Xinhua) — China is introducing a series of measures to promote the development of the country’s non-state sector economy, officials said at a press conference held by the State Council Information Office on Thursday.
The newly enacted Law on Promoting the Development of the Non-State Sector of the Economy enhances development certainty through legal stability, providing confidence to non-state enterprises seeking growth in a calm environment, Zheng Bei, deputy head of the National Development and Reform Commission (NDRC), said at a press conference.
In order to ensure fair participation in market competition, the law stipulates that China will implement a unified nationwide system of negative lists to regulate market access, Zheng Bei noted.
Regarding equal access to production factors, the law ensures that non-state economic entities have equal rights to use capital, technology, human resources, digital data, land and public service resources on a legal basis, ensuring a level playing field for all stakeholders, she added.
According to her, the SCRRK has launched a number of major projects in sectors such as nuclear energy and railways. In some nuclear energy projects, the share of non-state capital has reached 20 percent, while in projects in areas such as industrial equipment renewal and resource utilization and reuse, the share of investment by non-state enterprises has exceeded 80 percent.
Zheng Bei said that this year, China will launch high-quality projects with a total investment of about 3 trillion yuan (about 416.2 billion US dollars) in sectors such as transportation, energy, water conservancy and new infrastructure.
From January to April this year, the proportion of non-state-owned enterprises winning tenders increased by 5 percentage points compared with the same period last year, Zheng Bei said, adding that among projects worth less than 100 million yuan, non-state-owned enterprises accounted for more than 80 percent of the total number of winning projects.
Speaking at the aforementioned press conference, Deputy Director General of the State Administration of Financial Regulation of the People’s Republic of China Cong Lin said that loans issued by banking financial institutions to enterprises in the non-state sector of the economy have maintained steady growth.
According to her, over the past five years, loans issued to non-state enterprises have grown at an average annual rate of 1.1 percentage points higher than the overall growth rate of loans of all categories.
As of the end of the first quarter of this year, the outstanding balance of loans issued to non-state-owned enterprises reached 76.07 trillion yuan, up 7.41 percent year on year, Cong Lin added, noting that the outstanding balance of inclusive loans issued to micro and small enterprises was 35.3 trillion yuan, up 12.5 percent year on year.
The Law on Promoting the Development of the Non-State Economy, which will take effect on May 20 this year, stipulates that promoting the sustainable, healthy and high-quality development of the non-state economy is an important and long-term policy of China. -0-