China Stresses on Supply-Side Structural Reform, Tries to Keep Government-Business Ties Graft Free

  • Yu Zhengsheng, Chairman of Chinese People's Political Consultative Conference (CPPCC), has said during opening annual session of CPPCC that it is extremely important to maintain congenial relationship between the government and businesses. However, he warned that it is also very important to keep government-business relationship graft free. The comments come at a time when China is looking forward to promote supply-side structural reform in areas such as agricultural sector, for bringing ten million people out of poverty. Reports say rules have been laid out, outlining boundaries for relations between private executives and government officials, for maintaining congenial but graft-free relationship between government and businesses.