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China establishes bureau for private economy development

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China has set up a bureau under the country’s top economic planner specializing in promoting the private economy’s development.

The bureau was established to strengthen policy coordination in relevant areas, and ensure that related measures are implemented as early as possible and achieve tangible results, Cong Liang, deputy head of the National Development and Reform Commission, told a press conference Monday.

Main responsibilities of the bureau include tracking, studying and analyzing the development of the private economy, coordinating and organizing the formulation of policies and measures to promote its development.—Xinhua

 

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