Nod for draft rules
Source: Xinhua |
March 31, 2011, Thursday
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Print Edition
Print Edition
A meeting of the State Council, China's Cabinet, approved a draft regulation yesterday for the country's privately-owned businesses, aiming to develop their role in economic growth and employment.
According to a statement from the meeting, the draft regulation aimed to support "healthy development" of individual businesses and "giving full play to their important role in economic and social development as well as in providing employment opportunities."
The new regulation eliminates limits on the number of people privately-owned businesses may employ and also pares down restrictions on job applicants.
According to a statement from the meeting, the draft regulation aimed to support "healthy development" of individual businesses and "giving full play to their important role in economic and social development as well as in providing employment opportunities."
The new regulation eliminates limits on the number of people privately-owned businesses may employ and also pares down restrictions on job applicants.
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