Core Viewpoint - The implementation of the Private Economy Promotion Law starting May 20, 2025, marks a significant milestone in the development of China's private economy, establishing its legal status and emphasizing the government's commitment to its sustainable and high-quality growth [1][10][19]. Group 1: Background and Significance - The Private Economy Promotion Law is a response to the substantial scale and importance of the private economy in China, which has evolved significantly over the past 40 years [2]. - The law reflects the government's unwavering support for the private sector, as highlighted by President Xi Jinping's consistent emphasis on the importance of private enterprises [10][19]. Group 2: Role of Private Enterprises - Private enterprises play a crucial role in the real economy, contributing significantly to employment and tax revenue, with over 92% of all enterprises in China being private [4]. - The number of private enterprises has increased from 10.857 million in 2012 to over 57 million currently, showcasing their growing importance in the economy [4]. Group 3: Innovation and Global Competitiveness - Private enterprises are increasingly recognized for their innovation capabilities, with many leading in sectors such as artificial intelligence and robotics [7]. - The private sector has become a vital player in international markets, with private enterprises accounting for over 56% of China's total import and export volume [9]. Group 4: Government Support and Policy Measures - The government has established various communication channels to support private enterprises, ensuring their concerns are addressed and fostering a conducive business environment [11][12]. - Recent policy measures have aimed to reduce barriers to market entry and enhance the operational environment for private enterprises, including significant adjustments to the market access negative list [12][13]. Group 5: Future Prospects - The Private Economy Promotion Law is expected to instill greater confidence among private enterprises, enabling them to navigate challenges and seize new opportunities in a complex economic landscape [14][15][19]. - The law aims to create a stable and predictable environment for private enterprises, encouraging them to focus on long-term development and innovation [15][19].
民营经济必将走向更加广阔的舞台 ——写在民营经济促进法施行之际
Ren Min Ri Bao·2025-05-20 21:40