Adhere to the principle of "two unwavering" and promote the common development of various forms of ownership in the economy. Private enterprises | system | ownership

Author: Shang Huiyong

The report of the 20th National Congress of the Communist Party of China pointed out that "we must adhere to and improve the socialist basic economic system, unwaveringly consolidate and develop the public sector of the economy, unwaveringly encourage, support, and guide the development of the non-public sector of the economy, fully leverage the decisive role of the market in resource allocation, and better play the role of the government." In the face of the overall strategy of the great rejuvenation of the Chinese nation and the unprecedented changes in the world in a century, to enhance the resilience and security level of China's industrial chain, promote high-quality economic development, increase employment opportunities, and ensure social stability, we must adhere to the "two unwavering" principles, leverage the synergistic advantages of the common development of various forms of ownership of the economy, and gather all beneficial forces to promote economic and social development.

Unswervingly consolidating and developing the public ownership economy, deepening the reform of state-owned assets and enterprises

The report of the 20th National Congress of the Communist Party of China proposes to deepen the reform of state-owned assets and enterprises, accelerate the optimization and structural adjustment of state-owned economic layout, promote the strengthening, optimization, and expansion of state-owned capital and enterprises, and enhance the core competitiveness of enterprises. State owned enterprises are an important force in promoting national modernization and safeguarding the common interests of the people. They are an important material and political foundation for the development of our Party and the country. They have played an important role in actively building a new industrial system, driving the development of related industries and enterprises, and enhancing the country's economic strength and image. Entering a new stage of development, state-owned enterprises are facing new opportunities and challenges in solving major social contradictions and enhancing national competitive advantages. On the one hand, the widespread application of new technologies represented by intelligent production has greatly improved social productivity, new industries are constantly emerging, existing market share is accelerating to concentrate on advantageous enterprises, and competition among major countries around emerging industries is becoming increasingly fierce; On the other hand, with the rapid development of China's economy and society, the demand for basic public services by the people is constantly increasing, and higher requirements are put forward for the quantity, quality, variety, cost, efficiency, and other aspects of public goods. Undoubtedly consolidating and developing the public ownership economy, we should coordinate the adherence to the dominant position of the public ownership economy and the deepening of the reform of state-owned assets and enterprises. We should combine the development and improvement of the socialist market economy system, enhance the resilience of China's industrial chain and international competitiveness of state-owned enterprises, deepen the reform of state-owned assets and enterprises, accelerate the optimization and structural adjustment of the state-owned economy layout, promote the strengthening, optimization, and growth of state-owned capital and enterprises, improve the modern enterprise system with Chinese characteristics, promote the entrepreneurial spirit, and accelerate the construction of world-class enterprises. While continuously enhancing the core competitiveness of state-owned enterprises, we can provide advanced experience that other types of ownership enterprises can learn from in strategic formulation, product development, and technical management.

Unswervingly encourage, support, and guide the development of the non-public economy, and promote the private economy to move towards a broader stage

The transformation of China's non-public economy from small to large and from weak to strong has been achieved under the guidance of our party and state policies. Caring, guiding, and supporting the non-public economy is a long-term policy direction for China. Since the reform and opening up, China's non-public economy has developed rapidly, playing an important role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihoods. In particular, the rapid development of private enterprises has become an important force in building a socialist modernized country, playing an irreplaceable role, and presenting significant characteristics of "56789", namely contributing more than 50% of tax revenue, more than 60% of GDP, more than 70% of technological innovation achievements, more than 80% of urban labor employment, and more than 90% of the number of enterprises. Among the national level specialized and innovative "little giant" enterprises, private enterprises account for over 80%.

We must unwaveringly encourage, support, and guide the development of the non-public sector of the economy. We must implement the requirement of equal treatment of state-owned enterprises and private enterprises from both institutional and legal perspectives, create a legal environment conducive to the public, fair, and just participation in competition of the non-public sector of the economy, and improve the policy system for promoting the development of small and medium-sized enterprises. The report of the 20th National Congress of the Communist Party of China pointed out that "optimizing the development environment of private enterprises and protecting the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law". This has given private entrepreneurs peace of mind, enabling them to have clear expectations, invest with confidence, operate with peace of mind, focus on innovation, and boldly develop. We must always treat private enterprises and entrepreneurs as our own people, and help them solve their problems. One is to ensure that private enterprises use resource elements equally in accordance with the law, improve the system of banking and financial institutions serving private enterprises, and improve the system of direct financing support for private enterprises; The second is to ensure the fair participation of private enterprises in market competition, further open up market access for private enterprises, implement a fair and unified market supervision system, and promote all types of market entities to enjoy national support for development on an equal basis in accordance with the law; The third is to protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law, improve the equal protection mechanism of law enforcement and judiciary for private enterprises, and protect the legitimate property of private enterprises and entrepreneurs.

Adhere to the principle of "two unwavering principles" and promote the complementary advantages and common development of various forms of ownership in the economy

The two unwavering principles are a highly summarized summary of the successful experience of the Party in adhering to and developing the basic socialist economic system over the years, and are the institutional advantages of socialism with Chinese characteristics. Both public and non-public sectors of the economy are important components of the socialist market economy, and they have a cooperative and mutually reinforcing relationship, each with its own comparative advantages. The dominant position of the public ownership economy is reflected in the dominant position of public assets in the total social assets, while the leading role of the state-owned economy is reflected in its control, driving force, and influence over the lifeline of the national economy, which cannot be simply reflected in quantity or proportion. The non-public sector of the economy plays an irreplaceable and important role. It is an economic form with strong innovation, exploration, and flexibility, and needs to be encouraged, supported, and guided. Although in certain fields, the public and non-public sectors of the economy are in a competitive relationship in terms of factor utilization and market development, this is a benign and fair competition relationship, which is an effective way to improve product quality and enhance efficiency under the conditions of socialist market economy in China.

Over the past 40 years of reform and opening up, China's various ownership economies have achieved deep integration and coordinated development through innovation, industry, capital, and talent chains, jointly building a complete industrial system and diverse industrial ecology, with the possibility of evolving towards higher-level industries. Enterprises of different ownership types have achieved a certain degree of mutual integration through mergers and acquisitions, filling their gaps and enhancing their capabilities in coordinated development. The mutual flow of resources such as talent, technology, and capital among enterprises with different ownership systems has significantly enhanced the overall development level and strength of China's industrial chain. Enterprises of different ownership types learn from each other in international market development and enterprise management, which enhances the internationalization level of business, product quality, and production efficiency. In short, both the public and non-public sectors of the economy are important components of the socialist market economy. The two are in a cooperative and mutually reinforcing relationship, each with its own comparative advantages, and jointly shoulder the responsibility of high-quality development of the Chinese economy. To realize Chinese path to modernization, we must continue to adhere to the "two unswervingly" principle, unify the public economy and non-public economy in the socialist market economy, and promote the complementary advantages and common development of the diversified ownership economies.

Guangming Daily

[