China issued a guideline on Wednesday for promoting the development of the private sector, signaling the latest push for supporting and reinvigorating a key sector in order to revive economic recovery amid downward pressures.
China will step up efforts to stabilize foreign trade performance while improving the trade structure through a raft of policy measures, government officials said at a news conference on Sunday.
Central authorities recently announced the implementation of a plan to support the high-quality development of Guizhou province's culture and tourism industry.
Since the beginning of this year, Southwest China's Guizhou province has released about 40 policies to reduce taxes for market entities, helping the service industry resume development, boosting the recovery of the industrial sector, and stimulating the consumer market.
The investment promotion department of Southwest China's Guizhou province recently launched 10 measures to ease companies' operation pressure amid the post-COVID-19 era and attract more large companies with good development and market potential.
China has released a guideline to accelerate the establishment of a unified domestic market amid efforts to build a high-standard market system and promote high-quality development.
The State Council recently issued a document to support Southwest China's Guizhou province in becoming a reform demonstration area for China's Western Development Program.