Beijing Releases New Rules to Rebuild Trust with Entrepreneurs, But Key Barriers Remain
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China's capital Beijing releases "negative list" to regulate officials' behavior when dealing with entrepreneurs, banning gifts, junkets, abuses of power, etc.
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Aims to rebuild private sector confidence and support economic growth as private sector accounts for over 60% of China's GDP.
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Concerns that list is "supplementary at most", with bigger issues like market access, financing, fair competition still needing focus.
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More regions rolling out similar measures, incorporating private sector growth into local official evaluations.
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But some entrepreneurs say issues like market access remain, while officials interact less to "play it safe", so real "sore points" persist.