Column of the editorial leader of the telecommunications/new waves (Bkopleader)

In my recent analysis, I thought that direct policy focus on the source of banks could be wrong in itself. This is estimated to be the philosophy of the College, which can be used in the light of the number of recruitments that are good for the bus. In both cases, policy effectiveness is not the same, and in the case of caravans, the policy is focused on banks and direct financial champions, when the policy is good.

Policy focus cannot be placed solely on the provision of financial resources to public enterprises, but it should be emphasized that domestic markets are being scaled up and market spaces are being expanded to guide private enterprises in order to strengthen the capacity of blood-making machines, earn money instead of waiting for relief.

Improving the economic development environment of the private sector and alleviating the difficulties of financing private-sector enterprises, with strong central impetus, have become a focus of current policies. At the private business colloquium in early November, the General Secretary of the Intermediate Federation pointed out very concretely the implementation of six policy initiatives to improve the flow of private enterprises, including: (1) reducing the burden of corporate tax fees; (2) addressing the issue of financing difficulties for private-sector enterprises; (3) creating a level playing field that breaks the whole range of “story doors”, “glassss” and “rotary doors”; (4) improving the way policy is implemented, not allowing easy access to credit for private-to-people enterprises; (5) building new family relations; and (6) protecting the physical and property security of entrepreneurs.

The central requirements were so detailed that the various sectors would naturally be implemented. From finance to finance to local governments, the improvement of the private enterprise development environment has begun to be a priority of the current process, with different policies in place. Because of the concentration of policy actions in various sectors, it is estimated that in the short term a small “campaign” will be developed to improve the private enterprise environment.

What are the problems that private enterprises want to solve? From a private perspective, what is most desirable for the Government is: tax relief; coordination of the resolution of financing difficulties and the provision of financial guarantees; reduction of the operating costs of environmental links; resolution of triangular debt owed by the Government; improvement of the business environment and the construction of a level playing field; provision of land support; provision of investment facilities; promotion of efficiency in approval; policy stability; and withdrawal of State-owned enterprises from part of the competition industry. It was also stated that the good business environment was the local government’s hostile interference in private enterprises, not to be pressured on to engage in business, and that administrative intervention in private enterprises should not be facilitated by development pressures to force good business loans to expand.

What is common in the past is in terms of the concerns of many private enterprises. This is also a reflection of the current mindset of private enterprises, which cannot be mistaken if the past has been closed and the problem resolved. However, in the future, private enterprises generally have little idea of how to develop. It should be noted that the current policy is not intended to address only what has been done in the past, but to do it in the future. It is possible that, if policies are initially contrary to results, support policies are now recaptured, or are not followed up by one another.

In my recent analysis, I thought that direct policy focus on the source of banks could be wrong in itself. This is estimated to be the philosophy of the College, which can be used in the light of the number of recruitments that are good for the bus. In both cases, policy effectiveness is not the same, and in the case of caravans, the policy is focused on banks and direct financial champions, when the policy is good. This is the case, for example, when Japan controls real estate booms. However, if the oil doors were to be exhausted, the source of the bank was not good, because the opening of the front opened, the flow of funds could not be controlled and the money was not known. This is also why I have repeatedly analysed the inability of the central bank to carry out “performing drip irrigation”.

So what should the current policy focus be placed?

My answer is to expand the market. A few years ago, I predicted that China would go to the level of “braining” (i.e., a large-scale stimulus policy), when understandings and identity holders were rare, and everyone felt that it was impossible under the “trip” policy. While the macro situation and policy have changed considerably and policy has been relaxed, it is not necessarily understood that relaxation policy can now become “water-free”. We must know that money is a problem for Chinese private enterprises, but the greater problem is market. There is no market, certainly not business, and market problems are not solved by money. I therefore disagree with many views that tax reduction policies have a limited role to play in resolving the problem of private enterprises, with the effect of equivalent unilateral disruptions, inhibiting government consumption, but not helping markets.

Policy is only one aspect of the problem, and another more important aspect for the Chinese economy is the use of policies to boost markets, exploit market potential and expand domestic market space. Even in countries with full market economies, the economy has different cycles of austerity and expansion. In terms of future policy development, what should be done is to expand markets. For business, it is more important to earn money than to pay for business. It should also be stressed that, in the absence of market expansion, the emphasis on the provision of financial resources to enterprises would only flow to real estate and external markets, which would result in further depreciation of the public currency and an increase in the flow of funds. Once this is the case, it is likely that the car will be picked up immediately.

The policy environment for improving the economic development of the private sector has been developed, and actions are being taken by all sectors and places to favour private enterprises. However, policy focus cannot be on providing funds only to public enterprises, but it should be emphasized that domestic markets are being scaled up and market spaces are being expanded to guide private enterprises in order to strengthen the capacity of blood-generating firms, earn money instead of waiting for relief.

(The authors of this paper present: Founding Partner, Lead Fellow, Ph.D. Poster, eminent think tanker, authoritative expert on information analysis. He was the first researcher of the “New Silk Road”, the Chinese version of the Marshall Plan, and he was the first researcher of the Chinese doctrine of land rights. The main thrust of the study is the geopolitical strategy based on information analysis and the urban development strategy. Mr. Chensson has long served as a member of the China Institute for Research on Institutional Reform, with many professors from Chinese universities and doctoral instructors. (b) The situation in the Democratic Republic of the Congo;