Several members of the Chinese People’s Political Consultative Conference (CPPCC) proposed the government to intensify efforts to support the development of private enterprises and promote employment in China ahead of the Two Sessions, Yicai reported on March 4.
The “Two Sessions” are all-China meetings under the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) to formulate China’s policies.
The viability of the private economy has declined in recent years due to a series of internal and external factors, so the government should provide special financing to relevant private enterprises and encourage financial institutions to increase the proportion of loans allocated to private companies, Liu Yonghao said. , a member of the CPPCC and president of Chinese agricultural products manufacturer New Hope Group.
The six-day meeting of the 14th CPPCC National Committee began today at the Great Hall of the People in Beijing. This year, the CPPCC will focus on promoting employment, particularly organizing employment surveys for university graduates, improving the vocational training system and resolving structural contradictions in employment, CPPCC spokesperson Liu Jieyi said at the first meeting yesterday. press conference of the two sessions. .
The government should ensure that the growth of loans to private enterprises is not less than the growth of bank loans to enterprises, and provide support by guaranteeing the issuance of bonds and improving the creditworthiness of private enterprises, Liu said.
Private companies still face challenges such as financial difficulties, market entry barriers and heavy tax burden, said Qi Xiangdong, CPPCC member and president of Chinese cybersecurity giant Qi An Xin Technology.
To stimulate enterprises’ enthusiasm for investment and business expansion, it is necessary to comprehensively identify and eliminate various barriers, especially by opening up market competition in key areas such as data communications, electricity, telecommunications and financial services. Qi pointed out.
The Chinese government should strengthen macroeconomic control while prioritizing employment, said Xu Lin, CPPCC member and deputy director of the Guangdong Provincial Committee of the Chinese Democratic Association for National Construction. It is necessary to set clear employment targets when developing economic development plans, industrial policies and public investment policies, he added.
There is also a need to improve job demand research and unemployment early warning mechanisms, Xu said. In addition, universities should timely optimize and adjust their majors to cultivate talents that meet China’s economic development needs, he said.
Source: Rossa Primavera
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