On February 17, 2025, he was general secretary of the Communist Party of China Central Committee, president of China and chairman of the Central Military Committee, and representatives of civil entrepreneurs in Beijing, the capital of China. In private companies, after hearing from representatives of private entrepreneurs, they gave important speeches. Photo: Xinhua
Secretary of State Xi Jinping, general secretary of the Communist Party of China’s Central Committee, and President of China and chairman of the Central Military Committee, will attend a symposium on private companies in Beijing on February 17, 2025. Photo: Xinhua
Xi Jinping, general secretary of the Central Committee of China’s Communist Party (CPC), urged efforts on Monday to promote healthy and high quality development of the country’s private sector, the Xinhua Conference reported.
XI, who is also China’s President and chairman of the Central Military Committee, made a speech when he attended a private company symposium where he heard the story of representatives of private entrepreneurs and gave an important speech. .
The private sector enjoys wide prospects and great potential in a new journey in a new era. It’s the best time for private companies and entrepreneurs to play their abilities fully, Xi said.
He reached consensus, urged him to strengthen his confidence and promote healthy, high-quality development in the private sector.
Huawei’s Ren Zhengfei, Byd’s Wang Chuanfu and New Hope’s Liu Yonghao have reported that semiconductor Yu Renrong, Unitreree Robotics’ Wang Xingxing and Xiaomi’s Lei Jun have submitted opinions and advice on private sector development.
According to a report posted to the Weibo account by Yuyuantantian, a social media account affiliated with CCTV, participating entrepreneurs include Jack Ma, founder of Alibaba, Liang Wenfeng, founder of Deepseek, and chairman of Tencent It includes both CITIO Ma Huateng and CATL Chairman Zeng Yuqun. others.
Burning support
Xi Jin said the party and the country are committed to encouraging, supporting and mentoring the development of the public sector vigorously, Xinhua reported.
The party and the country ensure that economic institutions under all forms of ownership have equal access to production factors according to law, compete in the market on a level position, and are protected by law as equals. said.
New journeys in a new era provided a wealth of new opportunities and greater space for private sector development, Xi said. He emphasized that he overcomes the current challenges and challenges facing the private sector and seeks future trust.
XI will firmly dismantle obstacles that prevent businesses from having equal access to production factors, compete fairly in the market, and open the competitive sector of infrastructure to a variety of business entities, facing private companies. We are constantly striving to address the difficulties that are being made. Get affordable funding.
He also highlighted effective protection of the legal rights and interests of private companies and entrepreneurs in accordance with the law. Private companies and entrepreneurs embrace entrepreneurship and patriotism, focusing on strengthening, optimizing and expanding business, and making solid contributions to building socialism with Chinese character and promoting modernization in China. Xi Jinping said that he should become a person.
The symposium reflects the central government’s trust in the development of the private economy and its unwavering resolve to support its growth. Monday.
“The private economy is extremely important in technological advancements. It has strong innovation capabilities, especially in the field of digital economy and artificial intelligence, and is important in increasing China’s international competitiveness in the high-tech sector. It’s a strength,” Li said.
“Its positive role in areas such as job creation and innovation to drive economic growth will become even more pronounced,” Li said.
In Chinese economic policymaking, policymakers and economists often use fairly appropriate terms to explain the essential role the private sector plays in the social and economic development of the country: “56789,” which is a private sector. This refers to a contribution of more than 50% to a corporation’s national tax revenue, more than 60% of national GDP, more than 70% of technological innovation results, more than 80% of urban employment, and 90% of total numbers. Among Chinese companies, Xinhua reported earlier.
By the end of September 2024, according to the National Office of Market Regulation and Control, the number of registered private companies nationwide exceeded 55 million, with private companies accounting for 92.3% of the total number of companies.
A great opportunity
According to the official account of the Wuxi City Government Intelligence Bureau, Galaxy Space founder and CEO Xu Ming was one of the participants in Monday’s symposium. Xu told Global Times on Monday that he was deeply honored to be invited to attend the symposium.
Xu said he deeply felt that President Xi appreciates private companies and the development of technological innovation, as a representative of private companies. “Our trust in the future of private companies has been greatly strengthened and we are more determined than ever in our commitment to innovation and self-reliance,” Xu said. Future possibilities.
“The symposium will further enhance market confidence and highlight the important role private companies will play in the national economy, while providing guidance for the future development of the private economy,” Forum 50 said on Monday. He spoke to.
Private companies are increasingly playing an active and important role in areas such as job creation and technological innovation, Hu cites examples of Deepseek and Unitreee Robotics. Both sparked intensive debate.
With an important message from the symposium, private companies should seize this important opportunity and continue to explore new areas for growth, Hu said.
