General Secretary Xi Jinping’s important speech at the private enterprise symposium has set off a learning boom in the province. All localities and departments have made active response to the General Secretary’s speech by focusing on optimizing the business climate and helping private enterprises gather growth momentum.
In response to General Secretary Xi Jinping’s six policy measures to promote the development of the private economy, the province’s economic departments have carried out in-depth analysis of the current problems such as innovation financing, property rights protection, and fair competition in the development of private economy in the province while accelerating the drafting of policy opinions on high-quality economic development and the implementation of the "prescription" issued by the General Secretary so as to solve the difficulties in the process of private economic development.
From the change of international environment to the stage of domestic development, from the difficulty of financing to the pressure of enterprise transformation, General Secretary Xi Jinping’s speech has given the pulse to the development of private enterprises, and also provided fundamental follow-up for the promotion of private enterprises by various departments.
President Xi Jinping sent a strong signal of maintaining supportive policies toward private businesses, including such measures as tax reductions, at an unusual meeting with entrepreneurs on Thursday.
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, was briefed by 10 entrepreneurs, mostly from small and medium-sized companies, at the Great Hall of the People. He talked with them about their difficulties and required that related government departments study how to address the problems properly.
The president’s commitment to supporting private businesses is in line with his remarks during his recent inspection tours in Liaoning and Guangdong provinces, where he visited private companies and reaffirmed the Party’s unswerving support for private businesses.
The role of the private sector can never be overestimated given the fact that it contributes 50 percent of the country's tax revenues, 60 percent of its gross domestic product, 70 percent of its technological innovations, 80 percent of its jobs and 90 percent of new jobs and enterprises.
Despite its status as the second-largest economy in the world, China is still a developing country when it comes to its average per capita GDP and disposable income. The sound growth of the nonpublic economy is not only complementary to the State-owned economy, it is necessary to support the development of the national economy.
（source:ourjiangsu.com）
