The "Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Improvement of the Socialist Market Economic System in the New Era" proposes reform measures in seven key areas, almost all of which are related to the development of the private economy. The "Opinions" point out the direction for deepening market reforms and expanding high-level opening up, which is of great significance to accelerate the high-quality development of the private economy.The private economy is responsible for improving the market economy. The development of the private economy requires a promising government to survive and develop while giving full play to the decisive role of the market in resource allocation.The private economy can break through the institutional restrictions on the flow of talents, which will help our country to move towards a higher development goal of transforming productivity into scientific and technological innovation and build more high-tech private enterprises, realizing the simultaneous development of Chinese manufacturing and Chinese intelligent manufacturing and forming a new globalization of "One Belt One Road".The private economy can realize the optimization and improvement of resource allocation methods. It is the source of power and production relations for the establishment of a unified and open factor market. It explores the use of data resources, promotes economic digitization, and carries out financial digital innovation. Furthermore, it is an active practitioner of the land element and the new land policy.The private economy is also an important source of taxes to promote a sound redistribution adjustment mechanism. It is a positive force for the third distribution of social wealth and can promote the protection of people's livelihood.
