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China expands inspection to boost private investment

Updated: May 20,2016 8:28 PM     Xinhua

BEIJING — The top economic planner on May 20 announced its next round of local-level inspections, putting the implementation of policies related to private investment under scrutiny.

Six teams will be sent to 12 provincial regions, including Shanghai, Tianjin, Shandong, Henan and Guizhou, the National Development and Reform Commission said on its website.

In the previous round, nine teams were despatched by the State Council, or China’s cabinet, to 18 provinces and autonomous regions.

“We aim to improve pro-private investment policies, which respect and maintain enterprises’ principal position in the market and advocate entrepreneurship,” according to a statement released after a State Council executive meeting earlier this month.

The growth of private investment, which is considered an important supporting power for stabilizing growth, adjusting structure and boosting employment, has slightly decreased.

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