Cong Liang, deputy head of the National Development and Reform Commission (NDRC), told a press conference Monday that the bureau was established to strengthen policy coordination in relevant areas and ensure that related measures are implemented as early as possible and achieve tangible results.
The main responsibilities of the bureau include tracking, studying, and analyzing the development of the private economy, coordinating and organizing the formulation of policies and measures to promote its development, and formulating policies to promote the growth of private investment, according to the commission.
The bureau will also be responsible for establishing a mechanism for regular communication with private enterprises, coordinating efforts to solve major problems concerning the development of the private economy, and working toward enhancing its international competitiveness.
Zhang Shixin, an official with the commission, noted that the work concerning the private economy involves a wide range of areas and requires close cooperation between various departments.
The private economy development bureau will mainly focus on the coordination of relevant work and policy implementation to create a better environment and ramp up support for the growth of the private economy, Zhang said.