China to Encourage the Development of Private Enterprises

The Central Government will adopt a number of measures to encourage the development of private enterprises including promoting the establishment of financial institutions, Premier Wen Jiabao stated in a meeting of the Standing Committee of the State Council held yesterday. He also said that China would encourage private enterprises to intensify innovation and to participate in the re-organization of state-owned enterprises, and create a favorable environment for private investment.

Source
China Finance Information

Google Translation