China has vowed to “forge a better environment to support private businesses” in its latest policy guidelines, which include new and old promises to the country’s private entrepreneurs, in an apparent effort to shore up confidence in the sector that contributes half of the tax revenue and 80 per cent of the country’s employment. The 28-point plan, issued on Sunday by the ruling Chinese Communist Party and State Council, includes decade-old promises to provide a level playing field for the private economy as well to break up state monopolies in the railway and oil sectors. China’s private entrepreneurs are ... (full story)