With the development of Socialist market-oriented economy and the original establishment of litmusless Financing Policy, the sector of private enterprises has come into a new era.
He also said authorities should improve conditions for the development of private enterprises, remove institutional barriers and protect their property rights.
Sectional jealousies and constitutional scruples stood in the way of action by the federal government and necessary expenditures were too great for private enterprise.
So private enterprises would have had billions of dollars of losses with manufacturing, with critical infrastructure, with commercial real estate being damaged.
The high-level meeting also urged improvement in the legal environment for private enterprises and in the policy framework for supporting development of small and medium-sized enterprises.