Xinhua News Agency, Beijing, February 18th Title: The development prospects of private economy are broad and has great potential

Xinhua News Agency commentator

General Secretary Xi Jinping attended a private enterprise symposium on the 17th and delivered an important speech, fully affirming the major achievements made in the development of the private economy and the important contributions made to the country's economic and social development, emphasizing the need to correctly understand the opportunities and challenges facing the development of the private economy, and make comprehensive arrangements for promoting the healthy and high-quality development of the private economy in the current and future period. The General Secretary’s important speech has lofty ideas, profound thoughts, insightful discussions, rich connotations, and full of confidence and strength. It provides us with ideological and action guidelines for further strengthening our confidence in development and striving to create a new situation in the development of the private economy.

Private enterprises have flourished with the great process of reform and opening up. Since the reform and opening up, my country's private economy has continued to grow from small to large, from weak to strong, and has played an important role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihood. The private economy has made an indelible contribution to the development of our country's economic development. Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has attached great importance to the development of private enterprises and the private economy, and has made a series of important statements and important arrangements for the healthy and high-quality development of the private economy, pointing out the direction for doing a good job in the private economy and promoting the development and growth of the private economy. After long-term development, the private economy has become a new force in promoting Chinese-style modernization and an indispensable and important foundation for high-quality development. It is an irreplaceable and important force in promoting my country to fully build a socialist modern power and achieve the second centenary goal.

Politics are of great importance and perseverance. Regarding the understanding of the status and role of the private economy in the cause of reform and opening up and socialist modernization, and the Party and the state’s policies and policies for the development of the private economy, our Party’s theory and practice are in line with the times. The Party and the State adhere to and improve the basic socialist economic system, unswervingly consolidate and develop the public economy, and unswervingly encourage, support and guide the development of the non-public economy; the Party and the State ensure that all kinds of ownership economies use production factors equally in accordance with the law, participate in market competition fairly, and are equally protected by law, promote the complementary advantages and common development of the various ownership economies, and promote the healthy development of the non-public economy and the healthy growth of non-public economic persons. The Party and the state’s basic policies and policies for the development of the private economy have been incorporated into the socialist system with Chinese characteristics and will be consistently adhered to and implemented, and cannot be changed, nor will it change.

Climb the top of the tide and hit the oar again, and the boundless scenery is in front of you. Now my country's private economy has formed a considerable scale and occupied a heavy weight, and it has a solid foundation to promote the high-quality development of the private economy. my country's talent team and labor resources are large and high-quality, the industrial system and infrastructure are well supported, and the super-large-scale market potential is huge. With the continuous leap of social productivity, people's living standards have steadily improved, and reform and opening up are further deepened in a comprehensive manner, especially the rapid development of education and science and technology, which will surely bring many new opportunities to the development of the private economy and provide greater development space. The socialist system with Chinese characteristics has many significant advantages. The socialist market economic system and the socialist legal system with Chinese characteristics are constantly being improved and perfected, which will provide stronger guarantees for the development of the private economy. The development prospects of the private economy in the new era and new journey are broad and there is great potential. It is timely that private enterprises and private entrepreneurs show their skills.

It is advisable to take a look at the scenery in the long run. We must look at the general trend and look at problems from a development perspective. Some of the difficulties and challenges facing the development of the private economy are generally seen in the process of reform and development and industrial transformation and upgrading. They are partial rather than overall, temporary rather than long-term, and can be overcome rather than unsolvable. The vast majority of private enterprises and private entrepreneurs unify their thoughts and actions with the Party Central Committee's judgment on the domestic and international situation, and with the Party Central Committee's decisions and deployments on economic work. They will see the future, see the brightness and the future in difficulties and challenges, maintain the determination to develop, enhance the confidence in development, and maintain the spirit of winning and fighting, and will surely achieve greater development and move towards a broader stage.

Ten millions of policies, implement the first one. Solidly implementing policies and measures to promote the development of the private economy is the focus of promoting the development of the private economy. Everything that the Party Central Committee has decided must be implemented resolutely and cannot be discounted. We must resolutely break down various obstacles to equal use of production factors in accordance with the law and fair participation in market competition, continue to promote fair opening of infrastructure competitive areas to all types of business entities, and continue to make great efforts to solve the problem of difficulty and high cost of financing for private enterprises. We must focus on solving the problem of arrears of accounts arrears of private enterprises. We must strengthen law enforcement supervision, concentrate on rectifying random charges, random fines, random inspections, and random seals, and effectively protect the legitimate rights and interests of private enterprises and private entrepreneurs in accordance with the law. We must earnestly implement various relief policies, improve policy accuracy, pay attention to comprehensive measures, and treat enterprises equally. We must further build a friendly and clean relationship between government and business. Based on reality, further strengthening the overall awareness, systematic concept, and the spirit of the rule of law, and coordinating the implementation of policies and measures to promote the development of the private economy can provide a steady stream of driving force for promoting the healthy development and high-quality development of the private economy.

Enterprises are the business entities, and the endogenous driving force for enterprise development is the first priority. The vast majority of private enterprises and private entrepreneurs are full of passion for entrepreneurship and serving the country, firmly be builders of socialism with Chinese characteristics and promoters of Chinese modernization, unswervingly follow the path of high-quality development, be committed to serving the country, seeking development in abide by the law, good at operating in a good way, and promoting common prosperity. They will surely create a new situation for the development of the private economy through unremitting struggle and make new and greater contributions to promoting Chinese-style modernization.