SHANGHAI, Aug 1 (SMM) -
On August 1, the National Development and Reform Commission and other departments jointly issued a notice on the implementation of a number of recent measures to promote the development of the private economy, which proposed to carry out special actions such as “Crackdown on fake and shoddy goods” action and crack down on rumourmongers and industrial chains online that deliberately hype up and speed rumours to smear private enterprises and entrepreneurs. The government will set up special support for the promotion of private investment in the central budget, and reward a group of cities and counties every year for they have taken practical measures to boost private investment with fast growth and strong vitality. Following the relevant state regulations, collectives and individuals who have made outstanding contributions to the development of the private economy shall be commended and rewarded to encourage the spirit of entrepreneurship and better play the exemplary and leading role of advanced benchmarks.
