Experts see private sector switching gears

Signs of fresh policy boost excite corp executives; recovery revival hopes rise

China's sharpening focus on the importance of the private sector, especially its investment, will encourage entrepreneurs, create jobs and revive economic recovery amid downward pressures and external uncertainties, experts and company executives said on Tuesday.

They called for greater efforts to promote indigenous innovation capabilities for breakthroughs in crucial technologies, including digital technologies, and to bolster industrial upgrade and high-quality economic development.

Their call followed a meeting on Monday of the Political Bureau of the Communist Party of China Central Committee where the top leadership stressed the need to optimize the business environment for the development of private enterprises.