Chinese authorities have issued a guideline on boosting the growth of the private economy, which is a major deployment under the guidance of the Xin Jinping thought on socialism with Chinese characteristics for a new era to promote the development and growth of the private economy.
The guideline takes the overall situation, proposes new goals to promote the development and growth of the private economy, and focuses on the global, forward-looking, critical, and deep-seated issues of private economy. It provides institutional arrangements and deployments for the business environment, market access, policy support, regulatory orientation, legal guarantee, innovation power, talent support, self-construction, and public opinion atmosphere, which are all issues of concern to private enterprises. The guideline also emphasizes that the government should guide private enterprises to continuously improve the development quality through their own reform and development, compliant operation, transformation and upgrading.
Governments at all levels should carefully summarize the successful experiences, find the existing shortcomings, list the problems, and then make implementation plans as well as work arrangements based on the guideline. By understanding and implementing the guideline, governments at all levels and relevant units can quickly improve the development environment of the private economy, enhance the work quality and efficiency of serving the private economy, and promote the economic development.
