Private sector calls for strengthened interdepartmental coordination

The People's Bank of China and multiple departments recently held a joint meeting to come up with specific measures to support the high-quality development of private enterprises.

They will implement a moderately loose monetary policy, give full play to the role of structural monetary policy tools, and increase credit for private and small and micro enterprises. Besides, a series of previously adopted concrete measures supporting the private economy will be better implemented to support private enterprises.

The meeting stressed that policy coordination and interaction will be enhanced among departments to improve financing mechanisms, and greater efforts will be made to solve the difficult and expensive financing problems private enterprises face, so they can play a bigger role in the country's high-quality development.