The Jiangmen municipal government promised to spare no effort in encouraging and supporting the development of private businesses, which will play an increasingly important role in the city's economic development in the coming years.
Lin Yingwu, Party chief of Jiangmen, said many business opportunities will be created when the central government encourages, supports and guides the development of private businesses and the Guangdong-Hong Kong-Macao Greater Bay area. Therefore, relevant departments and business executives should seize opportunities to accelerate the development of the city's private sector in the coming years.
Lin Yingwu, Party chief of Jiangmen, delivers a speech to support the city's private sector during a conference. [Photo provided to chinadaily.com.cn]
Lin promised to improve the business climate, provide better services, and protect the legal rights and interests of Jiangmen's entrepreneurs in order to spur entrepreneurship in the Pearl River Delta.
Lin made these remarks on Monday at a special conference on boosting the development of Jiangmen's private sector. The conference, which was presided over by Lu Yi, mayor of Jiangmen, was attended by more than 1,000 Party and government officials and local business representatives.
In addition to loosening restrictions and simplifying procedures, the city's government will also further support the development of private companies by encouraging them to invest in the city's communication, water conservancy and public utility industries in the future.
Party and government officials, business representatives and entrepreneurs participate in a conference to discuss the private sector in Jiangmen. [Photo provided to chinadaily.com.cn]
"The city government will also try to help private companies reduce their production costs and assist them with financing activities," he said.
By the end of last month, Jiangmen, located in the western part of the Pearl River Delta, had registered about 70,000 private companies, accounting for 85.48 percent of the city's total. The city's private companies have achieved a total registered capital of more than 280 billion yuan ($42 billion), playing a major role in the city's economic development.
