[HIGHLIGHTS] (Economic Observer) Many provinces in China focus on private economic development at the beginning of the new year

Many provinces in China focus on private economic development at the beginning of the new year. Fujian's private economy contributed nearly 70% of the province's regional GDP and 70.6% of its tax revenue.

Guangdong Provincial Government's work report made it clear: the private economy can only grow but not weaken. Shanxi Provincial Government Work Report plans to expand "Xinyidai" financing in 2024 by promoting the application of "Sanjin Loan Code" and provincial-level local credit platforms.