“相信中国民营企业将在全球市场展现更大活力”

Core Points - The implementation of the Private Economy Promotion Law on May 20 marks a milestone in the development of China's private economy, reflecting the country's commitment to fostering the growth of private enterprises and enhancing their vitality and creativity [1][2][4]. Group 1: Law's Significance - The Private Economy Promotion Law is China's first foundational law specifically addressing the development of the private economy, aiming to create a stable, fair, transparent, and predictable environment for private enterprises [2][3]. - The law encourages fair competition and aims to enhance the role of private enterprises in driving technological innovation and contributing to high-quality economic development [3][5]. Group 2: Economic Impact - Private enterprises account for over 92% of the total number of companies in China, with a significant increase in the number of private enterprises listed among the world's top 500 [4][6]. - The law is expected to boost the confidence of private enterprises, which play a crucial role in job creation, tax revenue generation, and export promotion [4][5]. Group 3: International Cooperation - The law is anticipated to create substantial opportunities for practical cooperation between China and other countries, particularly in the context of the Belt and Road Initiative and the Regional Comprehensive Economic Partnership [6][7]. - Chinese private enterprises are increasingly participating in international markets, contributing to global supply chains and enhancing their competitiveness in high-tech and service sectors [6][7][8].