BEIJING, March 7, 2023 /PRNewswire/ — As an important part of of China In terms of economic development, the private sector contributes over 60 percent to gross domestic product (GDP), over 50 percent to total tax revenues and over 80 percent to urban employment, as well as more than 70 percent to technological innovations and 90 percent to market participants Chinaaccording to the National Development and Reform Commission.
Chinese President Xi Jinping on Monday reiterated the country’s support for the private sector and urged proper guidance for its healthy and high-quality development.
Xi made the remarks while visiting national political advisers from the China National Democratic Construction Association and the All-China Confederation of Industry and Commerce, who are attending the first session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC).
He attended their joint group meeting and listened to their comments and suggestions.
Promotion of the private sector through various measures
Efforts are needed to improve the environment for private enterprise development, remove institutional barriers that prevent them from participating in fair market competition, and protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law said Xi.
He stressed the importance of treating state-owned and private companies equally and called for efforts to encourage and support private and corporate growth in order to boost market expectations and confidence.
High-quality development places higher demands on private sector development, he added.
Private companies should practice the new development philosophy and have a deep understanding of the shortcomings and challenges in private sector development, he noted.
Private enterprises should change the development mode, adjust the industrial structure, change the driving force for growth, and consciously follow the path of high-quality development, he added.
Stressing that China’s modernization is the modernization of shared prosperity for all, he said both state-owned and private enterprises are important forces in promoting shared prosperity and must take social responsibility for promoting shared prosperity.
Great achievements against challenges
The year 2022 is an extremely important and critical year in the history of the party and the country, Xi said.
“We have fully, accurately and comprehensively implemented the new development philosophy, striving to build a new development pattern and promote high-quality development,” he said.
As global inflation hits its highest level in over 40 years, of China Overall price levels remained stable and the economy grew 3 percent year-round, which was high among the world’s major economies, Xi said.
Noting that the five years since the CCP’s 19th National Congress has been “extremely unusual and exceptional,” he said of China The external environment for development is changing rapidly, and there is an increase in uncertain and unpredictable factors.
In particular, the western countries performed The United States have carried out an all-out containment and repression that has presented unprecedented and grave challenges of China development, he added.
Against challenges, achievements have been made, he said, listing examples of how of China GDP growth averaging 5.2 percent per year, win the fight against poverty according to plan, and complete the building of a moderately prosperous society in every respect.
On behalf of the CPC Central Committee, Xi also extended greetings and sincere wishes to the women deputies of the 14th National People’s Congress and the women members of the 14th CPPCC National Committee, as well as the workers of the Two Sessions and women of all races and walks of life in mainland China , in the Hong Kong And Macao special administrative zones and in the Taiwan region and all compatriots overseas before International Women’s Day.
https://news.cgtn.com/news/2023-03-06/Xi-visits-political-advisers-joins-discussion-at-annual-session-1hX60rVSv4c/index.html
SOURCE CGTN
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