Update: China’s New Premier Vows to Support Private Enterprises

China’s newly appointed Premier Li Qiang promised “unequivocal and steadfast” commitment in supporting private enterprises as his government zeroes in on the task of reviving the world’s second-largest economy.

During the one-and-half-hour media briefing Monday, the former party chief of Shanghai assured private entrepreneurs and enterprises that they will “enjoy a better environment and broader space for development,” while acknowledging difficulties that they had faced.