by Staff for Bloomberg News

“China’s top economic planner is creating a new department to help private businesses, the latest step by the government to revive confidence in the sector and bolster growth.

The private economy development bureau will be responsible for tracking and analyzing the state of the industry, along with coordinating and drafting policies to promote its growth, the National Development and Reform Commission announced Monday.

Beijing has unveiled a drip-feed of policies in recent months intended to revitalize private companies and attract foreign investment, with President Xi Jinping over the weekend vowing to ease market access and create opportunities for global cooperation…”

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