Milestone policy to break financing bottlenecks

Initiative is set to promote supply-side structural reform, improve services and boost investment

The central government regards reform of investment and financing systems as one of the top priorities of supply-side structural reform in the near future, aiming to help resolve financing difficulties faced by the private sector, especially small and medium-sized enterprises.

Since the beginning of the year, China's private fixed-asset investment growth has continuously declined from a double-digit rate last year, triggering serious public concern and heated discussions among policymakers and scholars.