China seeks to boost private sector amid slowdown fears

State Council wants more coordinated policies and good corporate finance

Visitors wearing virtual reality goggles are seen at the World Artificial Intelligence Conference in Shanghai on July 6. © Reuters

CK TAN, Nikkei staff writer

July 20, 2023 20:08 JST

SHANGHAI -- Chinese officials have in recent days promised to introduce measures to boost confidence in the private sector amid mounting fears of an economic slowdown.

Officials from the State Council, China's cabinet, told reporters on Thursday that the government was aiming to coordinate policies better and improve company access to finance to help development of the private sector.