Opinion: How Can Policymakers Boost Confidence in Private Enterprises?
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Good news has arrived for China's private sector, which has been stuck in an economic predicament.
China’s Communist Party and government Wednesday issued a joint pledge to improve conditions for private businesses through a new set of measures, adding another key policy document laying the groundwork to support the private economy.
The pledge came after a lower-than-expected GDP growth in the second quarter and record-high youth unemployment. Private businesses typically absorb a large portion of the young workforce.
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