Chen Liangyu, Secretary for the Municipal Government of Shanghai, recently said Shanghai was committed to implementing the Opinions promulgated by the State Council for developing non-public economies and promoting healthy development of private and other non-public economies in the municipality.

Chen underlined the importance of further opening people's minds and accelerating the development of non-public economies. To that end, the "two unswayable" put forward at the 16th CPC should be observed. The ideological constraints on the development of non-public economies should be removed.

The practices and regulations which put a brake on non-public economic development and the systemic impediments to non-public economic development should be firmly eradicated.

While putting an emphasis on developing the public economy, we should also give considerable importance to developing non-public economies. Equal policy treatment should be accorded to state, foreign and private-owned businesses with a view to optimizing the mix of the three and forming a diversified pattern to jointly promote harmonious economic and social progress in Shanghai.

Source:China Business Times