1st LD-Writethru: Government inspectors to check private investment policies' implementation

The State Council, China's cabinet, is planning to send inspectors to check whether central government policies favoring private investment are being implemented by local authorities.

"The aim of the inspections is to improve policies encouraging private investment, respect and maintain enterprises' principal position in the market and advocate entrepreneurship," according to a statement released on Wednesday after a State Council executive meeting chaired by Premier Li Keqiang.

"Private investment is an important supporting power for stabilizing growth, adjusting structure and boosting employment," said the statement.

The State Council stressed that integrating the Internet and manufacturing, and the advance of the "Made in China 2025" strategy, are important steps to deepen structural reform, especially supply-side reform, upgrade manufacturing and foster new engines for growth.

China will encourage manufacturing enterprises to use cloud computing as well as increasing fiscal, taxation and land use support, according to the statement.

Council members also underlined the importance of developing the housing rental market to improve living standards and advance urbanization.

They pledged to develop housing rental business, give subsidies to those covered by public housing but choosing to rent, and improve taxation and land use preferential policies to support the rental market.

According to the statement, the general aviation sector will also get preferential treatment to improve transportation, foster new growth engines, and boost employment and the service sector. Endi