More support for private enterprises

The recently released 26 measures in Shanghai to support the high-quality development of private enterprises have addressed companies' most urgent needs by improving government services, which is conducive to boosting companies' confidence and stabilizing their expectations, said local officials and experts.

They made the comments during a news conference in mid-April. According to Wu Wei, Shanghai's executive vice-mayor, the new measures have touched upon six major areas.

They include further improving the overall development environment, completing policy support for private companies' investment and financing, solving problems of arrear payments to private companies, better protecting the legal rights and interests of private companies and their owners, encouraging innovation as well as strengthening government support for these companies.