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The National Development and Reform Commission (NDRC) in China has announced plans to introduce measures to support the development of the private sector. The NDRC aims to establish legislation that promotes the equal status of state-owned enterprises and private businesses. They will also work to ensure the implementation of policies that support the private sector, encourage private investment in significant projects, and support private companies in research and development. The NDRC is committed to addressing the concerns of private firm owners and creating a favorable environment for the growth of the private sector, where entrepreneurship is valued and respected. [Extracted from the article]

According to official data released by the Ministry of Finance, state-owned enterprises (SOEs) in China maintained steady operations in the first four months of the year. The SOEs reported an increase in total revenue and profits, with operating revenue reaching over 26.19 trillion yuan ($3.6 trillion), a 3.2 percent increase from the previous year. The combined profits of the SOEs also increased by 3.8 percent to more than 1.38 trillion yuan ($190.5 billion). The debt-to-asset ratio of the SOEs reached 64.9 percent at the end of April, a slight increase from the previous year. These figures were collected from SOEs in provincial-level regions and those administered by the Central Government, excluding financial firms. [Extracted from the article]