Private Economy
The National Development and Reform Commission (NDRC), China’s top economic planner, on August 1 unveiled detailed measures to boost the country’s private economy following the release of a general guideline for the sector in July.
Private firms will be encouraged to participate in major national projects that are profitable and mature, issue Real Estate Investment Trust (REIT) products for infrastructure projects, and lead technological programs in key areas, such as industrial software and artificial intelligence, according to a notice from the NDRC and several other government agencies. REIT is a collective investment scheme that aims to deliver a source of
