market access: The move to issue comprehensive guidelines to improve the business climate highlighted what Chinese policymakers believe to be the main weakness in the economy and the difficulties in carrying out long-planned market reforms at the local level, analysts said on Monday, according to Global Times China. The National Development and Reform Commission NDRC China's top economic planning agency, on Sunday released the draft guidelines, which contain measures in a wide range of areas from market access to protection of intellectual property rights IPR to government support. Photo VCG China is pursuing wide-ranging measures to improve market conditions for companies, aiming to boost private-sector investment - an increasingly important force in creating jobs and supporting economic activity - as growth in the world's second-largest economy saw a further slowdown in the second quarter of the year. All types of companies are allowed to enter industries that are not on a nationwide negative list and all companies will be treated equally in obtaining financing, land and other resources and bidding for government contracts, the draft guidelines said. The draft guidelines were released one day before official data showed that economic growth had slowed to the weakest pace in nearly three decades. Companies' legitimate rights, including IPR, will be better protected, as government agencies and individuals are banned from illegal interference with normal business operations, and infringement of IPR will be penalized severely, according to the NDRC. The timing of the guidelines is well-planned as China's economic growth continues to slow down, the most important thing is to improve business confidence through concrete measures to help companies, Cao Heping, an economics professor at Peking University, told the Global Times on Monday.
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