On Monday, an anticipated symposium on private enterprises was held in Beijing, where Chinese President Xi Jinping delivered a keynote speech after hearing from representatives of private entrepreneurs, including Ren Zhengfei of Huawei, Wang Chuanfu of BYD, Liu Yonghao of New Hope, Yu Renrong of Will Semiconductor, Wang Xingxing of Unitree Robotics and Lei Jun of Xiaomi.
The private sector has broad prospects and great potential for a new path in a new era. It is the best time for private enterprises and entrepreneurs to make full use of their capabilities, President Xi said.
Indispensable support
During the symposium, President Xi reiterated his unwavering commitment to the private sector, stressing that the basic policies for the development of the private economy have been incorporated into the national institutional system and that "this cannot and will not change."
Xi called for resolutely removing barriers that prevent enterprises from equal access to factors of production and fair competition in the market, for further opening up competitive infrastructure areas to different businesses in a fair manner, and for continued vigorous efforts to address the difficulties private enterprises face in obtaining affordable financing.
He also stressed the effective protection of the legal rights and interests of private companies and entrepreneurs in accordance with the law.
China has established an office under the country's top economic planner, the National Development and Reform Commission (NDRC), which specializes in promoting the development of the private economy.
During the Central Conference on Economic Work in December, Chinese policymakers also emphasized the support of private enterprises in mapping out economic work for 2025. Key measures include passing a law to support the private sector, launching a campaign to unify law enforcement involving enterprises, and setting guidelines for building a unified national market.
The NDRC on Tuesday pledged to further remove market access barriers and revise the negative market access list for private enterprises in a timely manner to encourage greater private sector participation in major national projects and programmes.
High quality development
President Xi also highlighted the role of private enterprises in advancing China's broader goals of technological innovation, promoting rural vitalization and improving people's well-being.
He called on entrepreneurs to focus on high-quality development, invest in their core activities, strengthen their innovation capacity and increase their core competitiveness.
Foreign media noted the high participation of technology giants such as Huawei, BYD and Unitree Robotics at the symposium.
The private sector plays a key role in driving China's innovation efforts, accounting for more than 92 % of China's high-tech enterprises.
The sector also accounts for more than 70 percent of China's technological innovation success. Among the country's "small giants" - a term referring to the modern elite of small and medium-sized enterprises that specialize in a particular market niche, possess cutting-edge technologies and show great potential - the share of private enterprises exceeded 80 percent.
From the "new trinity" driving global green transformation and e-commerce benefiting users around the world, to the viral success of DeepSeek and robotics, to the international acclaim of "Black Myth: Wukong" and "Ne Zha 2", Chinese private enterprises have propelled the country forward in the global marketplace through their technology and innovation.
CMG/ gnews.cz - RoZ
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