In the new era, the Communist Party of China and our country will play a leading role in economic system reform, and the private economy will cooperate, coordinate, and participate in an active and promising manner. The private economy helps to improve the socialist market economic system. At the same time, the private economy is not only a beneficiary of market-oriented reforms, liberation and development of social productive forces, but also a new force that persists in liberation and development of productive forces, and the promoter of improving the socialist market economic system and advancing the basic socialist economic system.The private economy is the main body of the market, which can promote the development of the market economy. The development of the private economy also requires a successful government, which must give full play to the decisive role of the market in resource allocation.The private economy can promote scientific and technological innovation. It is the main force that persists in the liberation and develops productive forces, and is the promoter of releasing the energy of scientific and technological innovation.The private economy helps to promote the allocation of factors. 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.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.
