China’s capital rolls out no-no list for officials dealing with Beijing’s entrepreneurs, but more needed to tackle ‘sore points’
- Municipal commission for discipline inspection in Beijing lists 10 categories of wrongdoing for its officials when dealing with entrepreneurs in the Chinese capital
- China is anxious to jump-start the private sector, which contributes more than 60 per cent of its gross domestic product
China’s capital city has released the country’s first so-called negative list to regulate behaviour by government officials when dealing with entrepreneurs, as part of the latest attempts to reinvigorate private sector confidence and kick-start economic growth.
The document by the municipal commission for discipline inspection in Beijing listed 10 categories of wrongdoing, including neglecting businesses’ needs, inaction or inertia in serving businesses, selective law enforcement, unlawful interference and abuse of power.
Acceptance of gifts, junkets, company shares and paid part-time work were also included as being forbidden in the document, which was reported by the official Xinhua News Agency on Monday.
Market access, financing and fair competition still need our persistent attention
Policymakers should, according to Zhu Tian, a professor with the China Europe International Business School in Shanghai, instead hone their focus squarely on choke points, such as market access, financing and fair competition.