News analysis

Beyond tax cuts and loans, private firms in China seek fair play

Private firms and the private economy are clearly the buzzwords for this otherwise rather uneventful annual political gathering in Beijing this year.

For the past two weeks at the annual parliamentary meeting, top government officials from Chinese Premier Li Keqiang to chief justice Zhou Qiang have stressed their support for private firms. The support ranges from concrete measures such as tax cuts and more credit to pledges to ensure that the rights of private firms and entrepreneurs are legally protected.

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A version of this article appeared in the print edition of The Straits Times on March 16, 2019, with the headline 'Beyond tax cuts and loans, private firms seek fair play'. Subscribe