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China says two policies to support business coming soon

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Business sentiment has generally soured amid lackluster economic growth after China's initial recovery from the pandemic.

The two forthcoming policies will focus on promoting business investment and their overall development, said Li Chunlin, deputy director of the National Development and Reform Commission.Ying Tang | NurPhoto | Getty Images

While it did not specify a date, the policy plans come a day after China's top party and government leadership announced lengthy "opinions" on supporting non-state-owned businesses.after China's initial recovery from the pandemic. The last three years have also seen heavy-handed crackdowns on internet platform companies, the education and gaming sectors as well as real estate developers.

 

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