An official from the Small and Medium-sized Enterprise Department under the State Development and Reform Commission (SDRC) revealed the department is drafting a document to promote the development of private enterprise, mostly small- and medium-sized enterprises (SMEs).
"The key goal of the document is to ensure fair market access for private companies, which used to be barred from many sectors,'' the unnamed official said. He added, that all but a few key areas will open to private companies and specific rules on market entry will be written into the document . "Through this document and other rules and regulations, we aim to end discrimination against private enterprises.''
The document will include innovative rules for investment and financing of private firms. "We have asked for suggestions on the rules, which are in their final revisions, from many entrepreneurs,'' he added.
