ACFIC to step up support for private businesses

BEIJING, Nov. 3 (Xinhua) — The All-China Federation of Industry and Commerce (ACFIC) on Saturday said it will make greater efforts to boost development of private businesses.

Xu Lejiang, secretary of the Leading Party Members’ Group of the ACFIC, called the latest symposium on private enterprises a “milestone” and “compass,” which he said affirmed the private sector’s important contribution to China’s economic and social development and pointed out the direction for the sector’s future development.

Xu made the remarks as the country vowed in a symposium Thursday to unswervingly encourage, support and guide the development of the non-public sector and support private enterprises to develop toward a broader stage.

The ACFIC will continue to play its role in connecting the government with enterprises, communicate with the government on difficulties plaguing the companies and push for implementation of the government’s supportive policies, Xu said.

Xu said the organization will use innovative methods to better serve the private companies, providing consultancy service in policies, talents, laws and regulations.

The ACFIC is conducting a third-party evaluation on the implementation of government policies to make financing more accessible and affordable for micro and small companies, Xu said.

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