BEIJING, Feb. 17,
2025 /PRNewswire/ -- Xi Jinping, general secretary of
the Communist Party of China (CPC)
Central Committee, on Monday urged efforts to promote the healthy
and high-quality development of the country's private sector, the
Xinhua News Agency reported.
Xi, also Chinese president and chairman of the Central Military
Commission, made the remarks when attending a symposium on private
enterprises, where he delivered an important speech after listening
to representatives of private entrepreneurs.
The private sector enjoys broad prospects and great potential on
the new journey in the new era. It is a prime time for private
enterprises and entrepreneurs to give full play to their
capabilities, Xi said.
He urged reaching consensus and firming up confidence to promote
the healthy and high-quality development of the private sector.
Huawei's Ren Zhengfei, BYD's Wang Chuanfu, New Hope's Liu
Yonghao, Will Semiconductor's Yu Renrong, Unitree Robotics' Wang
Xingxing, and Xiaomi's Lei Jun put forward their opinions and
advice on the development of the private sector, Xinhua
reported.
According to a report posted on its official Weibo account by
Yuyuantantian, a social media account affiliated with CCTV,
participating entrepreneurs also included Alibaba founder
Jack Ma, DeepSeek founder Liang
Wenfeng, Tencent's board chairman and CEO Ma Huateng, and CATL chairman Zeng Yuqun, among
others.
Unswerving support
Xi said the Party and the country are committed to unswervingly
consolidating and developing the public sector and unswervingly
encouraging, supporting and guiding the development of the
non-public sector, Xinhua reported.
The Party and the country ensure that economic entities under
all forms of ownership have equal access to factors of production
in accordance with the law, compete in the market on an equal
footing, and are protected by the law as equals, he said.
The new journey in the new era has provided abundant new
opportunities and greater space for the development of the private
sector, Xi said. He stressed that the current difficulties and
challenges facing the private sector can be overcome and called for
confidence in the future.
Xi urged resolutely dismantling obstacles that prevent
enterprises from accessing production factors equally and competing
in the market fairly, further opening the competitive areas of
infrastructure to various business entities in a fair manner, and
continuously making solid efforts to address the difficulties faced
by private enterprises in obtaining affordable financing.
He also stressed the effective protection of the lawful rights
and interests of private enterprises and entrepreneurs in
accordance with the law. Private enterprises and entrepreneurs
should embrace entrepreneurship and patriotism, focus on
strengthening, optimizing, and expanding their businesses, and be
firm contributors to building socialism with Chinese
characteristics and advancing Chinese modernization, Xi said.
This symposium reflects the central government's confidence in
the development of the private economy and its unwavering
determination to support its growth, Li Changan, a professor at the
Academy of China Open Economy Studies at the University of
International Business and Economics, told the Global Times on
Monday.
"In technological advancement, the private economy is crucial.
Particularly in the fields of digital economy and artificial
intelligence, it has strong innovation capabilities, making it a
crucial force in enhancing China's
international competitiveness in the tech sector," Li said.
"Its positive role in areas such as job creation and driving
technological innovation to spur economic growth will become even
more prominent," Li said.
In China's economic
policymaking, policymakers and economists often use a rather apt
term to describe the integral role the private sector plays in the
country's social and economic development: "56789." This refers to
private firms' contribution of more than 50 percent to national tax
revenue, more than 60 percent to the national GDP, more than 70
percent to technological innovation achievements, more than 80
percent to urban employment, and 90 percent to the total number of
enterprises in China, Xinhua
previously reported.
According to the State Administration for Market Regulation, by
the end of September 2024, the number
of registered private enterprises nationwide exceeded 55 million,
with private enterprises accounting for 92.3 percent of the total
number of enterprises.
Great opportunities
Galaxy Space's founder and CEO Xu
Ming was among participants of Monday's symposium, according
to official account of Information Office of Wuxi municipal
government. Xu told the Global Times on Monday that he was deeply
honored to be invited to attend the symposium.
As a representative of private commercial aerospace enterprises,
Xu said that he deeply felt President Xi's high regard for the
development of private enterprises and technological innovation.
"Our confidence in the future of private enterprises has been
greatly enhanced, and we are more determined than ever in our
commitment to technological innovation and self-reliance," Xu said,
adding that he feels the private economy is ushering in new
opportunities with great potential ahead.
"This symposium will further boost market confidence and
emphasize the significant role that private enterprises play in the
national economy, while also providing guidance for the future
development of the private economy," Hu Qimu, deputy
secretary-general of the digital-real economies integration Forum
50, told the Global Times on Monday.
Private enterprises are playing an increasingly active and
important role in areas such as job creation and technological
innovation, Hu said, giving examples of DeepSeek and Unitree
Robotics - both have sparked intensive discussion, which Hu said
highlights the strong innovative vitality of private
enterprises.
With the important messages from the symposium, private
enterprises should seize this important opportunity and continue to
explore new areas for growth, Hu said.
https://www.globaltimes.cn/page/202502/1328605.shtml
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SOURCE Global Times