Core Viewpoint - The implementation of the "Private Economy Promotion Law" in May 2025 marks a significant legislative milestone, embedding the principle of "two unwavering" into law, which aims to create a solid legal foundation for the development of the private economy [1] Group 1: Understanding "Two Unwavering" - The concept of "two unwavering" serves as a fundamental guideline for China's economic system, aiming to maximize the vitality of various ownership economies while respecting the market's decisive role in resource allocation [2] - The essence of "two unwavering" is to transcend rigid ownership barriers and use efficiency as the criterion for delineating the boundaries between state-owned and private enterprises [2] Group 2: Practical Implementation - The consolidation of public ownership focuses on areas where state capital has irreplaceable strategic effectiveness, such as national security and major infrastructure projects, where private capital may be reluctant to invest [3] - Encouraging and supporting the development of the non-public economy is essential for enhancing market vitality and driving innovation, with private enterprises being recognized for their efficiency advantages [3] Group 3: Dynamic Adjustment of Ownership Boundaries - The boundaries between public and private ownership are not static but evolve with technological advancements and market deepening, allowing for a more efficient allocation of resources [4] - Certain sectors may transition from natural monopolies to being open to private capital as technology and regulatory capabilities improve [4] Group 4: Optimizing the Business Environment - A clear, stable, and predictable market-oriented, rule-of-law, and international business environment is crucial for expanding the space for private economic development [5] - Implementing a negative list management system and ensuring equal rights and opportunities for state-owned and private enterprises are fundamental to fostering a fair competitive environment [5] Group 5: Addressing Hidden Barriers - Private enterprises face hidden barriers in participating in major projects, reflecting a gap between policy declarations and practical realities [7] - Systematic solutions include reforming bidding processes, optimizing subcontracting ecosystems, and enhancing credit and technical support for private enterprises [8] Group 6: Supporting Small and Medium Enterprises (SMEs) - SMEs are vital to the economy, contributing significantly to employment and tax revenue, yet they face unprecedented survival pressures [9] - Measures to alleviate these pressures include targeted tax reductions, innovative financial products for SMEs, and efficient policy implementation to ensure that support reaches those in need [10] Group 7: Government Role in Business Environment - The government should transition from a management role to a service-oriented approach, focusing on removing barriers and streamlining processes for businesses [11] - Ensuring stable expectations through regulated enforcement and avoiding arbitrary actions are essential for creating a conducive business environment [12]
落实民营经济促进法 为民营企业注入发展新动力