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 private economy will inevitably shoulder a greater mission, bear heavier responsibility, and play a greater role in the great rejuvenation of the Chinese nation.
The guideline proposes that we should jointly promote the healthy development of the private economy and the healthy growth of private entrepreneurs, emphasize both encouraging and regulating the development of the private economy, optimize the business environment, promote the entrepreneurship, and improve the quality of enterprises.
The guideline directly addresses the difficulties that constrain the development of private economy and the pain points of private enterprises, and analyzes the issues of legal protection, business barriers, technological innovation, investment and financing, as well as integrity performance. It also focuses on continuously optimizing the development environment of the private economy, increasing the policy support for private economy, strengthening the legal protection for private economy development, promoting the high-quality development of the private economy, and continuously creating the social atmosphere that encourages the development and growth of the private economy.
