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What does China’s private sector want from the third plenum? A survey sheds light
- Entrepreneurs are looking for policies to cut abuse of government power and red tape, and improve competition, research firm says
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China’s third plenum: what to expect from the much-delayed policy meeting
China’s third plenum: what to expect from the much-delayed policy meeting
Ji Siqiin Beijing
With a week to go until the start of a major economic meeting, China’s private businesses have suggested a raft of ways for the state to further give way to the market, according to a new survey.
Independent research firm Beijing Dacheng Enterprise Research Institute said its survey of leaders of 61 private companies revealed a common hope for the Communist Party’s third plenum to “firmly grasp the market orientation of reform”.
“Entrepreneurs look forward to further deepening the reform of the economic system so that the market can truly play a decisive role in resource allocation, creating a market-oriented, legal and international business environment, and promoting and protecting fair competition among enterprises of all types of ownership,” Beijing Dacheng said in a report on its survey results on Friday.
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The roughly 370 full and alternate members of the Central Committee, one of the party’s inner circles, will meet for four days from July 15 to lay out China’s long-term growth path, including its economic and tech goals for the next decade.
The report said entrepreneurs wanted the abolition of policies that hindered fair competition and prevented the creation of a unified national market with one set of rules for the country.
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“Some entrepreneurs said some government departments were still abusing their powers,” it said. “Entrepreneurs hope that the government’s excessive intervention in the market will be further reduced.”
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