In a move that’s sparking excitement among business enthusiasts, President Xi Jinping met with leading private entrepreneurs in Beijing this Monday. The highly anticipated symposium saw key figures from top companies like Huawei’s Ren Zhengfei, BYD’s Wang Chuanfu, and Xiaomi’s Lei Jun sharing their insights.
🎤 Boosting Entrepreneurial Confidence
Xi emphasized the bright future and immense potential of the private sector in this new era. “This is a prime time for private enterprises and entrepreneurs to unleash their capabilities,” he stated, highlighting the government’s unwavering support.
🛠️ Unswerving Support for Growth
The symposium underscored President Xi’s commitment to integrating private economy policies into the national framework. He assured that obstacles hindering fair competition and access to resources are being tackled head-on. Efforts to make financing more affordable for private businesses were also a key focus.
📈 High-Quality Development
Xi stressed the crucial role of private enterprises in driving technological innovation, rural revitalization, and enhancing people’s well-being. He encouraged entrepreneurs to prioritize high-quality growth, invest in their core businesses, and boost their innovation capacities.
🌟 Spotlight on Innovation
With over 92% of high-tech enterprises and 70% of technological innovations driven by the private sector, companies like Huawei, BYD, and Unitree Robotics are leading the charge. From green tech and e-commerce to viral hits like \"Black Myth: Wukong\" and cutting-edge robotics, China’s private enterprises are making waves globally.
The National Development and Reform Commission (NDRC) is stepping up its efforts by removing market access barriers and encouraging private participation in major national projects. This proactive approach aims to create a more dynamic and competitive market landscape.
👩💼👨💼 Future Prospects
As China maps out its economic plans for 2025, the support for private enterprises remains a top priority. With policies in place and continuous efforts to foster a fair and innovative environment, the private sector is set to play a pivotal role in China’s ongoing growth and technological advancements.
Reference(s):
Xi meets private entrepreneurs, boosting confidence in private sector
cgtn.com
