Private business rejuvenated

Receptionists welcome customers at the opening ceremony of a financial services center for small and micro enterprises in Wenzhou. [Photo provided to China Daily]

New plan gets approval

In August, a pilot plan including 30 measures promoting the private sector in Wenzhou gained approval from the All-China Federation of Industry and Commerce and the United Front Work Department of the Communist Party of China Central Committee.

"We should form a new type of cordial and clean relationship between the government and business, promote the healthy growth of the nonpublic sector of the economy, and encourage those working in this sector to achieve success," General Secretary Xi Jinping said in his report to the 19th CPC National Congress in 2017.

Lan Qing, deputy head of publicity of the Wenzhou Federation of Industry and Commerce, said the measures include policies aimed to reduce businesses' costs, protect their interests and provide incentives for businesses with good credit scores.

"We will hold a conference in October to unveil the whole pilot plan and announce the implementation of the first batch of policies," she said.

Li Peilin, vice-president of the Chinese Academy of Social Sciences, said: "Wenzhou is a remarkable city in the country's history of reform and opening-up. It has played a pilot role in breaking the bottleneck clogging the country's reform practice at the local level."

According to Li, Wenzhou has undertaken more than 50 pilot programs at the State and provincial levels in different sectors in recent years.

"I hope Wenzhou will take these chances to unleash more productivity through the policy dividends and to benefit more people with the reform bonus," he said.