Xinhua News Agency丨Stimulating the Vitality of the Private Economy: Multiple Favorable Policies to be Introduced
The Economic Information Daily published an article titled "Stimulating the Vitality of the Private Economy: Multiple Favorable Policies to Be Introduced" by reporter Wang Zixu on [specific date]. The article stated that the private enterprise symposium held on [specific date] released important signals for promoting the healthy and high-quality development of the private economy.
Journalists have learned that the next step will involve the introduction of multiple favorable policies for the private economy, including further removal of market access barriers. Relevant departments will expedite the revision and issuance of a new version of the negative list for market access, continue to promote fair access for private enterprises in competitive infrastructure sectors and national major scientific research facilities, and further improve laws and regulations, strengthen penalties for dishonesty, and advance the resolution of overdue payments to private enterprises.
From humanoid robots performing Yangko dances and spinning handkerchiefs at the Spring Festival Gala to the widely popular domestic large models, the beginning of the new year has seen numerous scientific and technological innovations from private enterprises capturing public attention, showcasing the innovative vitality of China's private sector. The private economy serves as a vital force in advancing Chinese modernization and forms an important foundation for high-quality development.
To boost the confidence of the private sector and promote its high-quality development, in recent years, the state and relevant departments have frequently voiced support and made careful arrangements. From introducing policies to support the private economy, to establishing the Private Economy Development Bureau within the National Development and Reform Commission, and advancing the legislative process for a law to promote the private economy, a series of policy measures have been continuously refined and implemented.
The latest data shows that the number of private enterprises in our country accounts for more than % of the total number of enterprises; the proportion of private enterprises among national high-tech enterprises has also increased to more than %. In the past year, private project investment (excluding private investment in real estate development) increased by .% compared to the previous year, with private investment in manufacturing particularly growing by .%, driving private project investment growth by . percentage points.
However, the development of the private economy still faces some issues and challenges. Industry insiders point out that there are still hidden barriers for private enterprises to enter certain key sectors, the protection of private enterprise property rights and entrepreneurs' rights is not yet sufficient, and there are shortcomings in policy implementation and service provision.
Journalists have learned that a series of policies aimed at fostering high-quality development in the private economy will be rolled out, further eliminating market access barriers for private enterprises and effectively alleviating their difficulties. Nuclear power projects are vital to the national economy and energy security. Traditionally, these projects in China have been structured with central state-owned enterprises as the majority shareholders and local governments as minority stakeholders. While there have been instances of private capital participating in nuclear power projects before, their shareholding ratios were relatively low. Last year, the State Council approved five nuclear power projects to include private capital participation, with the shareholding ratio for private enterprises being raised to % for the first time, demonstrating the nation's commitment to supporting private businesses in participating in major national projects.
Moreover, China has made breakthrough progress in opening up competitive businesses in key industries and sectors such as electricity, telecommunications, railways, petroleum, and natural gas. Reporters have learned that the next step involves the National Development and Reform Commission expediting the revision and release of a new version of the market access negative list. Efforts will continue to ensure fair access for private enterprises in competitive areas of infrastructure and national major scientific research facilities, supporting their active participation in the construction of "dual priorities" (key projects and key industries) and the development of "dual new initiatives" (new infrastructure and new urbanization).
While resolutely eliminating barriers to market access and factor acquisition, relevant departments will also implement various policies to assist enterprises in overcoming difficulties, and continue to make significant efforts to address the prominent issues raised by private enterprises. The National Development and Reform Commission has revealed that it will work with relevant departments to further refine and solidify measures, improve laws and regulations, strengthen penalties for dishonesty, prevent the recurrence of arrears while clearing existing ones, and promote the resolution of overdue payments to private enterprises.
"Improve the long-term mechanism for private enterprises to participate in national major project construction, continuously introduce projects to private capital, and expand the development space for private investment. Select key private investment projects to deepen the cooperation between investment and loans, promote the implementation of more new mechanism projects, and more strongly support the expansion of the infrastructure market. Through these measures, we will continue to help private enterprises solve the problems of difficult and expensive financing and other development issues," said Zhao Chenxin, Deputy Director of the National Development and Reform Commission, at a previous press conference held by the State Council Information Office.
In addition, the draft law on promoting the private economy has been submitted for review, and relevant departments will expedite the necessary preparations for its implementation. Concurrently, efforts will be accelerated to refine the benchmarks for administrative discretion, actively participate in special law enforcement actions involving enterprises, and resolutely prevent irregular cross-regional law enforcement and profit-driven law enforcement.
The development of the private economy and private enterprises is expected to have a positive outlook and prospects this year. With the advancement of the legislative process for the Private Economy Promotion Law, it is anticipated that the growth rate of private investment and the confidence of private entrepreneurs will increase compared to the past year, said Tan Haojun, an adjunct professor at Zhongnan University of Economics and Law.