‘Two sessions’ 2023: China looks to revive confidence in Covid-hit private sector
- Top economic planner says entrepreneurs’ property rights and interests will be protected
- Actions – not slogans – needed to boost demand and expectations, analyst says
02:52
China's 'two sessions': Premier Li Keqiang emphasises achievements, economy in final work report
China will try to revive confidence in its Covid-hit private sector, with the top economic planner saying on Sunday that the country would protect the rights of businesses.
In an annual report delivered to the national legislature, the National Development (NDRC) and Reform Commission said it would support growth in the sector.
“Market expectations are not yet firm,” the NDRC said. “[The country will] protect the property rights of private enterprises and the interests of entrepreneurs in accordance with the law.”
02:32
China’s top political advisory body kicks off annual session
The private sector, particularly property and tech companies, has come under siege in recent years with a series of crackdowns and the uncertainties induced by the country’s strict zero-Covid rules.