China Vows to Create a ‘Bigger, Better, and Stronger’ Private Sector

China is pledging to boost its economy through a new set of measures aimed at unleashing a more fair and robust private sector.

The Communist Party and the State Council, the country’s cabinet, issued a joint pledge on Wednesday to make the private economy “bigger, better and stronger” by creating a first-class, market-oriented business environment and cultivating a “close and clean” relationship between businesses and the government, state broadcaster CCTV reported.