Economic Daily Jin Guanping: Encouraging Enterprises to Dare to Explore, Invest, and Take Risks Measures | Doing Business | Enterprises
The Central Political Bureau recently held a meeting emphasizing the encouragement of enterprises to dare to venture, invest, and take risks, and actively create markets.
Enterprises are the main participants in market economy activities and the cells of the national economy, playing an important role in creating employment opportunities, promoting technological progress, and stabilizing economic growth. As of the end of 2022, the number of registered enterprises in China reached 52.826 million. Encouraging enterprises to dare to venture, invest, and take risks can help stimulate market vitality and endogenous momentum, and continuously promote economic recovery and improvement.
Since the beginning of this year, with the comprehensive restoration of normal economic and social operation, the effects of policies to stabilize growth, employment, and prices have gradually emerged. The overall expansion trend of enterprise production and operation activities has continued. The expected index of enterprise production and operation activities in June was 53.4%, and the service industry business activity index has remained in the prosperous range for six consecutive months. But it should also be noted that the current economic operation is facing new challenges, with insufficient domestic demand, some enterprises facing operational difficulties, and a complex and severe external environment, which to some extent affects the confidence of enterprises to boldly venture and invest.
Whether a company dares or not, expectations are the key. To fully mobilize the initiative of enterprises and entrepreneurs, it is necessary to stabilize expectations. Confidence is more important than gold. Only with sustained positive expectations can companies actively face uncertainty, boldly try and innovate. Maintaining relatively stable policies, favorable market environment for fair competition, public opinion supporting entrepreneurship, fair and standardized regulatory methods, and protecting enterprise property rights and entrepreneur rights in accordance with the law are necessary to strengthen the determination and confidence of enterprises to face difficulties and seize the golden window of development and growth.
Faced with uncertain factors, whether a company dares to venture, invest, and take risks depends on both the consideration of market returns and the evaluation of policy and institutional environment. For state-owned enterprises, it is necessary to improve the fault-tolerant and error correction mechanism and incentive mechanism, improve the market-oriented operation mechanism, and better play the leading role and strategic support role of the state-owned economy; For private enterprises, we must continue to break down market access barriers, fully implement fair competition policies and systems, and ensure that all forms of ownership economy use production factors equally in accordance with the law, participate in market competition fairly, and receive equal legal protection; For foreign-funded enterprises, we need to use reform measures to create a market-oriented, legal, and international business environment, attract high-quality foreign investment with high-level openness, and enhance confidence in foreign investment. Only by creating a policy and institutional environment that dares to compete and innovate can enterprises fully unleash their vitality. It is particularly important to pay attention to strengthening the continuity, coordination, and sustainability of policies and systems to avoid "interruptions" and "sharp turns".
Governments at all levels and relevant departments should establish a regular communication mechanism with enterprises, so that they can have more confidence and a sense of security in the process of innovation and investment. We need to have a deep understanding of the real situation of enterprise operation and development, the difficulties and challenges faced, respond to concerns and interest demands in a timely manner, and accurately help enterprises solve practical difficulties. To enhance the scientificity of decision-making, it is necessary to enhance the interactivity of work, and take the direct sense of policy implementation by enterprises and the policy suggestions put forward based on their own actual situation as important references for carrying out enterprise related work, so as to make decisions more relatable to the enterprise situation and more appealing to the enterprise. We should be guided by the needs of enterprises, continuously promote the implementation of the "streamlining administration and delegating powers and improving services" reform, reduce institutional transaction costs, and improve government services, financial and tax services, financial services, employment services, etc. in a targeted manner to eliminate the worries of enterprises.
Daring to venture, invest, and take risks is inseparable from cultivating and promoting the spirit of excellent entrepreneurs. We should guide and encourage entrepreneurs to bravely seek opportunities for transformation and development in times of crisis, be adept at solving problems through independent innovation, pave the way through mountains and build bridges when facing difficulties, and pursue higher quality development.
Business professionals should also recognize that in the complex and severe external environment, China's economy has rebounded and shown tremendous development resilience and potential. The long-term positive fundamentals have not changed, and favorable conditions and positive factors are accumulating. We should be full of confidence in the development prospects.
