© Reuters. FILE PHOTO: People stand at a shopping mall near the CCTV headquarters and China Zun skyscraper, in Beijing's central business district , China September 7, 2023. REUTERS/Tingshu Wang//File Photo
The government announced in July plans to shore up the sector, including extending tax and fee support targeting smaller businesses but confidence among private businesses has not shown meaningful improvement. Authorities will also crack down on infringements on the legitimate rights and interests of private firms, CCTV said, citing the guidelines.
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