China’s economic planner announced on Thursday that it will soon introduce two new policies aimed at supporting non-state-owned businesses.

Following the recent release of “opinions” by China’s top party and government leaders in support of non-state-owned businesses, the exact launch date for these policies was not specified.

In recent years, business sentiment has declined due to sluggish economic growth following the initial recovery from the pandemic. Additionally, there have been strict crackdowns on internet platform companies, the education and gaming sectors, as well as real estate developers.

Despite the slowdown in growth, Beijing has been cautious about implementing large-scale stimulus measures due to long-standing debt issues and other concerns.

The upcoming policies will primarily focus on promoting business investment and overall development, according to Li Chunlin, the deputy director of the National Development and Reform Commission.

Li made these remarks during a press briefing on Wednesday, which discussed the development of the non-state-owned sector of the economy.

In a sign of changing political dynamics, Li emphasized the importance of “guiding society to have a correct understanding of non-state-owned businesses’ contribution and important role.”

As part of Beijing’s effort to showcase its support for businesses, Tencent’s Pony Ma published an article in state media stating that the recent support announcement provides platform companies with a path forward.

Tencent confirmed that Ma authored the article.

“These measures play a crucial role in inspiring and guiding private enterprises to maintain confidence, move forward without hesitation, and actively pursue development,” said Ma, as translated by the company.