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BEIJING, Aug. 16-- The Chinese government will step up reform and roll out a series of new incentives to better remove hurdles hampering private investment and businesses and boost economic vitality, the State Council's executive meeting chaired by Premier Li Keqiang decided on Thursday. The meeting decided on a host of measures to further facilitate private investment and boost the sound development of the private sector. Premier Li stressed that further measures should be taken to unleash market vitality and boost private investment. A number of favorable projects should be identified as potential targets for attracting private investment. "Our economy is showing a stable performance with good momentum for growth. Facing new circumstances and new challenges, we should step up reform, pay attention to emerging problems, plan ahead, and fine-tune policies as necessary to make sure that the economy performs within a proper range," Li said. Recent years have witnessed the government's relentless efforts in encouraging private investment. In the first seven months of this year, the total value of private investment reached 22.26 trillion yuan (about 3.32 trillion U.S. dollars), registering a year-on-year growth of 8.8 percent, 3.3 percentage points higher than overall investment growth. This amounts to 62.6 percent of total investment in the country, making private investment a major pillar of investment growth. "The stability we aim for should be achieved in the context of continued progress and stability is in itself a step forward for the economy. It is vital to strengthen the financial sector to better serve the real economy," Li said. | 
