Central Radio and Television Financial Review | Promoting Policy Implementation and Deepening Protection of Private Enterprises for Stable and Far sighted Investment | Private | Financial Review
Recently, 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" was officially released, which aroused enthusiastic responses from all walks of life and greatly boosted the confidence of private entrepreneurs. From "important components" and "fresh forces" to "important foundations" and "important forces"; from encouraging the "healthy development" of the private economy to promoting the "bigger, better and stronger" of private enterprises ...... The Opinions fully affirm the important role of the private economy and demonstrate the determination to continuously create a better environment for its development.
The supporting policies closely following the Opinion have been successively launched, providing practical solutions for the implementation and refinement of policies, and creating a good foundation for private enterprises to take action lightly and showcase their skills. On July 24th, the National Development and Reform Commission issued a notice on further strengthening and promoting the work of promoting private investment and striving to mobilize the enthusiasm of private investment. Seventeen measures deepened, materialized, and refined the requirements for encouraging private investment in the Opinion, providing feasible solutions for continuously enhancing the willingness and ability of private investment, striving to mobilize the enthusiasm of private investment, and promoting the high-quality development of private investment.
In recent years, the weight of the private economy in my country's economic plate has gradually increased, especially in terms of increasing taxes, creating employment, and promoting innovation. The private economy plays an irreplaceable role. Since the 18th CPC National Congress, the share of private enterprises in the total number of enterprises has increased from 79.4 per cent to 93.3 per cent, the share of tax revenue has increased from 48 per cent to 56.9 per cent, and the share of employment absorbed by private industrial enterprises above designated size has increased from 32.1 per cent to 48.3 per cent. The rapid evolution of the world's unprecedented changes in a century, the rapid development of a new round of scientific and technological revolution and industrial revolution, the vast number of private enterprises to meet the difficulties, become China's response to "anti-globalization" and other challenges, to promote high-quality economic development of a reliable force.
The Political Bureau of the Communist Party of China Central Committee held a meeting on July 24th, emphasizing the adherence to the "two unwavering principles", effectively improving the core competitiveness of state-owned enterprises, and optimizing the development environment for private enterprises. Encouraging and promoting the recovery and development of the private economy is a key factor in boosting the current economy. To truly make policies effective, it is necessary to think of the needs of private enterprises, address their urgent needs, make policies more grounded, and effectively solve the urgent needs and difficulties of private enterprises.
The Central Political Bureau meeting specifically proposed to formulate and introduce policy measures to promote private investment. Taking the latest 17 measures to promote private investment as an example, in response to the issue of unclear investment direction, the National Development and Reform Commission will clarify a number of key sub sectors that encourage private investment to participate, comprehensively sort out the list of projects that attract private capital to participate, increase project promotion efforts, and encourage active participation of private investment; In response to the difficulty in obtaining factors, a national key private investment project database will be established to guide relevant parties to increase financing support and factor guarantee; In response to the issue of entry barriers, we will establish channels for reflecting and resolving private investment issues, and strive to bring down the requirement for equal treatment of state-owned enterprises and private enterprises from both institutional and legal perspectives.
Looking at the current situation, the Chinese economy is still facing new difficulties and challenges, mainly due to insufficient domestic demand and operational difficulties for some enterprises. These issues are both cyclical and structural. Implementing a series of deployments and measures to encourage the development of the private economy is to solve these difficulties and achieve new development. Relevant departments should further conduct timely research and scientific evaluation, and more importantly, establish sound mechanisms and strengthen responsibilities in the implementation of supporting policies; We should encourage private enterprises to exert their enthusiasm and initiative in seeking innovation, and further ignite the passion for mechanism innovation in the whole society, so that entrepreneurs who dare to think and strive can focus on themselves, move forward courageously, and achieve stability and progress.
The sea is wide with a thousand sails racing in the wind, and a hundred foot pole head climbs again. Promoting the high-quality development of the private economy is a long-term task that requires joint efforts from all parties. We believe that with the continuous release of policy dividends and the continuous optimization of the business environment, China's private economy will inevitably move towards a broader stage, promoting the effective improvement of quality and rational growth of the Chinese economy.
