The private economy continues to grow and develop, with broad prospects for high-quality development
Quick Look
- China's private economy plays an important role in stabilizing growth, promoting innovation and employment.
- The import and export volume in the first eight months of this year reached 19.79 trillion yuan.
- Through the "15th Five-Year Plan" and legal system protection, the country is committed to optimizing the business environment, broadening investment space, strengthening legal protection, and promoting the high-quality development of private enterprises.
AI-generated summary
Why It Matters
The article is based on China's "15th Five-Year Plan" outline, emphasizing the core position of the private economy in the national economy and the direction of policy support. It aims to solve the problems of financing, arrears and entry barriers faced by private enterprises through legalization and market-oriented means.
When enterprises are dynamic, economic development will be driven. Since the new era, the vast number of private enterprises have been determined to forge ahead, and the private economy has continued to develop and grow, playing an important role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihood. Since the beginning of this year, private enterprises have continued to maintain their status as the largest foreign trade subject, and their international competitiveness has continued to increase. In the first eight months, private enterprises' imports and exports were 19.79 trillion yuan, an increase of 17.6%, accounting for 56.9% of my country's total imports and exports. The innovation momentum of private enterprises continues to increase, and their proportion of the country's high-tech enterprises will increase from 62.4% in 2012 to more than 92% in 2025. Innovative achievements are emerging, independent chip research and development has made new breakthroughs, domestic large-scale models lead the global open source ecosystem, robots have entered production lines, and new energy vehicles are galloping in domestic and overseas markets. Each vivid scene converges into a vivid picture of the private economy moving towards innovation and excellence.
The "15th Five-Year Plan" outline states that "developing and strengthening the private economy" "guarantees equal use of production factors, fair participation in market competition, and effective protection of legitimate rights and interests" in laws and systems, injecting strong confidence and providing a solid guarantee for the healthy development of the private economy.
From a macro perspective, the foundation for "stability" is even more solid. In the first half of this year, the GDP reached 69.6 trillion yuan, a year-on-year increase of 4.7%, and the GDP increase was 3.6 trillion yuan, which is equivalent to recreating an emerging industrial province and equivalent to the annual economic aggregate of many medium-sized economies. Our country has the world's largest manufacturing system with the most complete categories and the most complete systems. It has a huge consumer market, huge market space, complete infrastructure, and a strong talent pool. The supporting conditions and basic trends for long-term economic growth have not changed. The driving force for development and the resilience of major countries continue to increase, providing a stable macro environment and broad market space for the private economy.
From the perspective of policy effectiveness, the momentum of "advance" is accelerating. The central and local governments have intensively released policy signals to promote the development of the private economy, such as stimulating the vitality of private investment. Local governments continue to optimize business-related services and promote the implementation of policies that benefit enterprises. Shanghai, Anhui, Shandong, Guangdong and other places have comprehensively implemented "enjoy without application" and "direct express". Zhejiang has built an "enterprise call me response" service platform to improve the convenience of enterprises. Hangzhou has built a "friendly online" platform to promote the efficient implementation of policies to benefit enterprises. Chengdu has established a private economic development promotion center to smooth government-enterprise communication channels and efficiently coordinate and solve problems. All localities continue to open up the "last mile" of policies to benefit enterprises, which will fully release policy dividends and further enhance private enterprises' awareness of the policies and their sense of gain.
From the perspective of industrial transformation, “new” tracks are accelerating expansion. Our country deploys an innovation chain around the industrial chain and strengthens the industrial chain through the innovation chain. Many private enterprises are realizing wonderful changes in digital intelligence during their transformation. Huawei has strengthened independent innovation and mass-produced 381 chips in mobile phones, servers, artificial intelligence and other fields, widely covering the digital and intelligent transformation needs of thousands of industries. For the first time, Blue Arrow Aerospace has successfully implemented the recovery method of the landing leg of a reusable launch vehicle stage, and my country's commercial aerospace reusable rockets have accelerated into the engineering verification stage. Traditional industries are continuing to improve and upgrade, emerging industries and future industries are being cultivated at an accelerated pace. Private enterprises have flexible mechanisms and sufficient innovation power, and are capable of investing in many new fields and new tracks, forming more first-mover advantages and demonstrating greater achievements.
From an international comparison, the “superior” position continues to be consolidated. With the in-depth advancement of high-quality joint construction of the "Belt and Road", my country's foreign trade "circle of friends" is growing day by day, and private enterprises have broader space to enter the international stage. From electric vehicles, lithium batteries, photovoltaics to artificial intelligence, robots, innovative drugs and other products, from Yiwu small commodities reaching more than 200 countries and regions around the world to Shenzhen Huaqiangbei Market, the average daily number of foreign purchasers exceeds 8,000. Our products are winning more and more favor, and the resilience and safety level of the industrial chain and supply chain have been continuously improved, and we are more confident to deal with various risks and challenges.
Looking to the future, the development prospects of the private economy are broad and promising. The majority of private enterprises must strengthen their confidence in development, seize development opportunities, and unswervingly follow the path of high-quality development. During the "15th Five-Year Plan" period, we must implement the decisions and arrangements of the Party Central Committee and the State Council to the letter, adhere to and implement the "two unwavering", and use greater efforts and more practical measures to further expand space, optimize the environment, strengthen guarantees, and solve problems, so as to form an economic order that is both "flexible" and "well managed" so that the creative vitality of the private economy can fully burst out.
Broaden investment space and provide a broader stage for private enterprises. Deeply promote the construction of a unified national market, break down hidden barriers, and create a fair and orderly market competition environment. In-depth implementation of several measures to promote the development of private investment, continuous improvement of the long-term mechanism for private enterprises to participate in major project construction, regular promotion of high-quality investment projects by industry and field, orderly opening of application scenarios in key areas, and expansion of investment opportunities for private enterprises to participate in high-quality projects. Accelerate the implementation of major projects in the "15th Five-Year Plan", systematically promote the planning and construction of the "Six Networks", innovate investment and financing mechanisms, and provide more support for private investment in emerging fields, new infrastructure, consumption upgrades, etc.
Promote transformation and upgrading and support the high-quality development of private enterprises. Support private enterprises to work hard on key core technologies, continue to work hard on weak links in the industrial chain, and strive to transform innovation advantages into product advantages and market advantages. Deeply implement the "artificial intelligence +" action, strengthen enterprise-led integration and innovation of industry, academia and research, support capable private enterprises to take the lead in undertaking major national technological research tasks, and promote the fair opening of major national scientific research infrastructure to private enterprises. Promote the quality improvement and upgrading of key industries, support the digital and intelligent transformation of small and medium-sized enterprises, build a mechanism to promote the development and growth of specialized small and medium-sized enterprises, and cultivate unicorn enterprises. Optimize the professional title evaluation methods of private enterprises to further stimulate the innovation and creativity of talents.
Strengthen communication and exchanges to effectively resolve outstanding issues and demands of private enterprises. Improve the comprehensive service system for private economic development, give full play to the role of the inter-ministerial joint conference system in promoting the development and expansion of the private economy, continue to improve the normal communication and problem-solving mechanism with private enterprises, and listen to the opinions and suggestions of enterprises on the economic situation and industry development. Closely track the production and operation of private enterprises, help enterprises solve problems, solve practical problems reported by enterprises in a point-to-point and comprehensive way, and strive to solve a type of problem, benefit a group of enterprises, and help an industry.
Manage delinquent accounts and help private enterprises develop with ease and peace of mind. We will implement the action of accelerating efforts to clean up arrears of corporate accounts, make good use of policies such as special bonds and special re-loans, and open up the "serial clearing" chain. Solve the problem of payment collection by small and medium-sized enterprises in accordance with the law, improve industry account payment rules, strengthen the supervision of payment behavior of large enterprises, and standardize the management of non-cash payment tools. Make good use of the national complaint platform for defaults and arrears to small and medium-sized enterprises, pay close attention to the cleanup and source control, resolutely curb new arrears, and improve the long-term mechanism.
Strengthen legal protection and create a good environment for private enterprises to develop with confidence. We will fully implement the Private Economy Promotion Law, deepen the action of "the rule of law protects the private economy", and launch and implement a number of key measures on a rolling basis. Accelerate the review and revision of the Tendering and Bidding Law and the Government Procurement Law to ensure that private enterprises can participate equally in tendering and government procurement. Improve the administrative law enforcement supervision mechanism, deepen the construction of a long-term mechanism for standardizing enterprise-related law enforcement, in-depth promote special judicial supervision of off-site law enforcement for violations and profit-seeking law enforcement, promote cross-department comprehensive inspections and "scan QR code to enter the enterprise", and minimize the impact on the normal production and operation of enterprises. Guide private enterprises to improve their governance structures and management systems, adhere to honest and law-abiding operations, and achieve healthy and high-quality development.
Pay close attention to the implementation of policies and continuously enhance the sense of gain and satisfaction of private enterprises. Improve the supporting policy and institutional system to promote the development of the private economy, fully absorb the opinions and suggestions of private enterprises, industry business associations, etc., promptly release them to the outside world, strengthen publicity and interpretation, and set aside a reasonable transition period for major policy adjustments involving enterprise production and operations. Promote the precise and direct delivery of policies to benefit enterprises, optimize the full-process service of policies to benefit enterprises in various regions, promote direct and quick access to policies to benefit enterprises based on the needs of enterprises, establish a policy evaluation mechanism, continue to optimize policy supply, promote the intelligent matching and rapid realization of policies to benefit enterprises, and benefit thousands of industries and households more accurately and directly.
The vigorous development of the private economy is inseparable from the protection of a fair and orderly market competition environment and legal policies, and it is also inseparable from the hard work and hard work of the vast number of private enterprises who dare to think, dare to do, and dare to be the first. I believe that with the joint efforts of all parties, the vast number of private enterprises will be able to move forward courageously on the road of high-quality development and contribute more to Chinese-style modernization.
What to Watch
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Publish more supporting details for the Private Economy Promotion Law
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Open Questions
- What are the timetable and details for the implementation of specific policies?
- How to balance the scale between supervision and relaxation?



