From the record-breaking consumption during the Spring Festival movie season to the viral breakthroughs in domestic artificial intelligence models and humanoid robots, the international community has witnessed not only the vigorous growth of China's private economy but also the bright prospects of the Chinese economy.

At present, the international landscape is fraught with instability and uncertainties, with markedly increasing unpredictable factors, leaving the global market awash with concerns. The world is turning its eyes to China, hoping that the country will continue to serve as the main engine of global economic growth and provide the international community with much-needed certainty. China has lived up to such expectations. From the record-breaking box office during the Spring Festival holiday to the viral breakthroughs in domestically developed AI models and humanoid robots, the international community has witnessed not only the vigorous momentum of China's private economy but also the bright prospects of the Chinese economy.

The symposium emphasized that the fundamental policies for the development of the private economy "will not and cannot change," highlighting the "stability" of China's economic policies. Since the 18th National Congress of the Communist Party of China, the Chinese government has placed high importance on private enterprises and the development of the private economy. Currently, China's private economy has reached a considerable scale and holds significant weight, laying a solid foundation for promoting its high-quality development. As of the end of the year, private enterprises accounted for a stable .% of the total number of registered enterprises in China. Multiple measures, such as drafting the Private Economy Promotion Law, are steadily advancing, and specialized agencies to foster private economic development have been established... China is committed to empowering the growth of private enterprises, helping them step onto an even broader stage.

The private enterprises participating in this symposium, some from strategic emerging industries and others from traditional manufacturing and agriculture, all represent new quality productive forces, highlighting the "newness" in China's economic development. Whether it's BYD, which has contributed to the development of China's new energy vehicles through its R&D and innovation capabilities, or the New Hope Group, which persists in innovation within traditional industries to invigorate agriculture and animal husbandry, China's private enterprises are making the world sit up and take notice with their unwavering commitment to innovation. As China's economy enters a stage of high-quality development, private enterprises will play an even greater role in areas such as technological innovation, green development, and the digital economy.

"China will never lack eager venture capitalists and clever young entrepreneurs," noted an article on the website of the Australian Financial Review, pointing out that the optimism, excitement, and vitality characteristic of the early stages of China's economic reforms remain widespread. Chinese private enterprises have flourished alongside the great journey of reform and opening-up, nurtured by an open and inclusive environment that has imbued them with a spirit of openness and cooperation. Actively venturing abroad and expanding overseas collaborations, these enterprises—spanning fields from artificial intelligence to cross-border e-commerce, and from high-end manufacturing to clean energy—have provided global consumers with more diverse choices. In the process of globalization, they have continuously enhanced their international competitiveness, secured greater growth opportunities, and steadily elevated their positions in global industrial and value chains.

International analysts refer to the new generation of Chinese private entrepreneurs as "born-global entrepreneurs," noting that they leverage the vast scale of China's domestic market to rapidly achieve economies of scale before expanding overseas and swiftly entering international markets. The dynamism of private enterprises vividly illustrates the resilience and potential of the Chinese economy.

On the new journey of the new era, China's social productivity will continue to leap forward, the living standards of the people will steadily improve, reform and opening up will be further deepened in all respects, and the advantages in various fields will create many new opportunities and broader space for the development of the private sector. China's high-quality development will bring more confidence to the world.

author-gravatar

Author: Emma

An experienced news writer, focusing on in-depth reporting and analysis in the fields of economics, military, technology, and warfare. With over 20 years of rich experience in news reporting and editing, he has set foot in various global hotspots and witnessed many major events firsthand. His works have been widely acclaimed and have won numerous awards.

This post has 5 comments:

Leave a comment: