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China to encourage growth of private sector
(Xinhua)
Updated: 2004-10-26 09:39 Sources from the Chinese
Commerce Ministry revealed on Sunday that China will further promote the growth
in the private sector, and help Chinese businesses break into the international
market, CCTV reported Monday.
The sources pointed out that private business has witnessed vigorous growth
in recent years, especially in terms of export volume.
The private sector currently contributes over 10 percent of the total export
volume of the country.
The Commerce Ministry pledged to offer more policy leverage to the private
sector, helping them explore the international market, establish their own name
brands and increase overseas investment.
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