This year's Spring Festival Gala, a group of robots amazed the whole country with uniform dance postures. These robots were made by a private technology enterprise. At the same time, with the introduction of a new round of mobile phone trade-in policy, the domestic mobile phone market has also ushered in new development opportunities. Behind this phenomenon, private mobile phone companies also play a key role.

These two seemingly unrelated phenomena reflect a clear signal: the development prospects of the private economy are broad and have great potential.

As of the end of September 2024, the number of registered private enterprises nationwide exceeded 55 million, and the proportion of private enterprises in the total number of enterprises was stable at 92.3%. The R&D investment of private enterprises accounts for 78% of my country's social R&D investment, which is enough to reflect the vitality and potential of private enterprises. Especially in the field of technological innovation, private enterprises have shown great explosive power. For example, from the growth trajectory of DeepSeek (deep search), we see the infinite possibilities of Chinese private enterprises.

At present, from the central government to the local government, hard-core policies to support the private economy are one after another. From the proposal to formulate and promulgate the Private Economy Promotion Law to the "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy", they are all escorting the development of private enterprises. Private enterprises not only show their excellence and continue to innovate in emerging fields such as 5G and artificial intelligence, but also are also full of vitality in the fields of heavy weapons of major powers such as aerospace and deep-sea exploration. Some companies focus on developing agricultural monitoring systems based on satellite remote sensing data to provide decision-making basis for farmers to accurately fertilize and irrigate; some companies focus on underwater robot research and development to reduce costs and risks for deep-sea oil and gas mining operations. In short, they can keenly capture market demand and integrate resources to achieve technological breakthroughs.

On the new era and new journey, the super-large market with a population of more than 1.4 billion has huge potential, bringing many new opportunities to the development of the private economy and providing greater development space. Of course, there are challenges. Private entrepreneurs need to maintain strategic determination, adhere to innovation-driven development, deepen their efforts in segmented markets, and work hard on professionalization and characteristicization. At the same time, we must also have a sense of family and country, integrate corporate development into the overall national development, and while realizing our own value, we must create more wealth for society and contribute greater strength to the high-quality development of China's economy.

Editor: Wang Wei

Coordinator: Liu Na Jiang Wei

Reporter: Wang Jing

Photo: Fan Botao

Editor: Sun Xiaoyu (internship)

Design: Wei Xingyu