China is ramping up its economic engine by placing private enterprises at the forefront of its growth strategy. 🏢📈
Policymakers are delivering a clear and strong message: private businesses will play a pivotal role in driving innovation, boosting profits, and ensuring social stability across all sectors.
Xiao Geng, director of the Institute of Policy and Practice at the Chinese University of Hong Kong, Shenzhen, notes that President Xi Jinping is actively encouraging private companies to explore international opportunities. 🌏 This includes diversifying into regional markets like the Hong Kong Special Administrative Region, ASEAN, and the Middle East, aiming to reduce dependency on the U.S. market.
This strategic initiative marks a significant step in China’s economic plan, strengthening the resilience and adaptability of its private sector. 💼✨
Reference(s):
cgtn.com
