China to give more support for private businesses, small firms

BEIJING, Dec. 24 (Xinhua) -- China will unveil more supportive measures for the country's private businesses as well as small and medium-sized enterprises (SMEs), according to a State Council executive meeting on Monday.

Increasing support for the development of private businesses and SMEs helps strengthen the endogenous impetus for economic development, boost entrepreneurship and innovation, and expand employment, according to a statement released after the meeting, which was chaired by Premier Li Keqiang.