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The vitality of private enterprises shows China's economic potential (Hyundai)
2025-05-02 source:

From the Spring Festival movie consumption hit a record high, to the popularity of domestic artificial intelligence models and humanoid robots and other scientific and technological achievements "out of the circle", the international community not only sees the booming development momentum of China's private economy, but also sees the bright prospects of China's economy. On February 17, General Secretary Xi Jinping attended a symposium on private enterprises and delivered an important speech, emphasizing that the development prospects of the private economy in the new era and new journey are broad and there is great potential, and it is time for private enterprises and private entrepreneurs to show their skills. The international community pays close attention to this symposium and believes that the meeting has sent a positive signal for China to firmly promote the healthy and high-quality development of the private economy, and boosted international investors' confidence in China's economic prospects.

At present, the international situation is in chaos, and unstable and uncertain factors are rising significantly, and the international market is full of concerns. The world has turned its attention to China and hopes that China will continue to become the main engine of world economic growth and bring valuable certainty to the international community. China's performance has not disappointed expectations. From the consumption of movies during the Spring Festival to the popularity of domestic artificial intelligence models and humanoid robots, the international community not only sees the booming development momentum of China's private economy, but also sees the bright prospects of China's economy.

This symposium emphasized that the basic policies and policies for the development of the private economy "cannot change, nor will they change", highlighting the "stability" of China's economic policies. Since the 18th National Congress of the Communist Party of China, the Chinese government has attached great importance to the development of private enterprises and the private economy. At present, China'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. As of the end of September 2024, the proportion of private enterprises in China's total registered enterprises was stable at 92.3%. A number of measures such as the formulation of the Private Economy Promotion Law are being steadily promoted, and specialized institutions to promote the development of the private economy are established... China is committed to empowering the development of private enterprises and helping private enterprises to move towards a broader stage.

Some of the private enterprises participating in this symposium come from strategic emerging industries, some from traditional manufacturing and agriculture, which are representatives of new quality productivity, highlighting the "new" of China's economic development. Whether it is BYD, which contributes to the development of China's new energy vehicles through its R&D and innovation capabilities, or New Hope Group, which is in traditional industries but is persistent in innovation and makes agriculture and animal husbandry vibrant, the Chinese private enterprises that are determined to innovate have attracted the attention of the world. As China's economy enters a stage of high-quality development, private enterprises will play a greater role in scientific and technological innovation, green development, digital economy and other fields. "China will never lack eager venture capitalists and smart young entrepreneurs." The Australian Financial Review website published an article pointing out that the optimism, excitement and vitality unique to China's early economic reforms are still common.

Chinese private enterprises have flourished with the great process of reform and opening up, and the soil of openness and inclusiveness has nurtured the characteristics of open cooperation among Chinese private enterprises. Chinese private enterprises are actively going abroad and expanding overseas cooperation, from artificial intelligence to cross-border e-commerce, from high-end manufacturing to clean energy, providing global consumers with more diverse choices, and constantly improving their international competitiveness in the process of globalization, gaining greater room for growth, and continuously enhancing their position in the global industrial chain and value chain. International analysts call the new generation of Chinese private entrepreneurs "naturally globalized entrepreneurs", believing that they take advantage of the huge scale of China's domestic market to quickly establish economies of scale, then turn overseas and quickly enter the international market.

The burst of vitality of private enterprises is a vivid portrayal of China's economic resilience and potential. In the new era and new journey, China's social productivity will continue to leap, people's living standards will steadily improve, reform and opening up will be further deepened in an all-round way, and various advantages will create many new opportunities for the development of the private economy and expand greater development space. China's high-quality development will bring more confidence to the world.

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