Authorities should “also make good use of the All‑China Federation of Industry and Commerce as the main channel of political participation for people in the private sector”, the plan said, referring to China’s semi-official chamber of commerce.
The NPC and CPPCC have long seated prominent entrepreneurs from the private sector, including smartphone giant Xiaomi founder-CEO Lei Jun and electric vehicle-maker Xpeng Motors founder He Xiaopeng.
Wednesday’s guideline did not set a specific quota for private sector representatives in the national and local legislatures. However, it pledged to support people from the private sector to play bigger roles in international economic events and global organisations.
Alfred Wu, an associate professor at the National University of Singapore’s Lee Kuan Yew School of Public Policy, said the guideline was issued “because this is a critical juncture, and now the market sentiment is very bad in China”.
The action plan comes at a time when Beijing is struggling to boost growth in the world’s No 2 economy. Official economic data released on Monday showed China’s gross domestic product only grew by 6.3 per cent year-on-year in the second quarter, under performing market expectations.
The slowdown has been blamed on reasons including weak consumer and business confidence, falling export demand and stalled property market rebound.
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