Chinese President Xi Jinping delivered a keynote speech at a symposium on private enterprises in Beijing, reaffirming strong support for the private sector. He emphasized that policies promoting private businesses are deeply integrated into China’s national system and will not change.
Xi called for fair market competition, improved access to financing, and legal protections for private firms. The government pledged to reduce market barriers and encourage private sector participation in major national projects.
He also highlighted the role of private enterprises in technological innovation, rural development, and economic growth, noting that they contribute over 70% of China’s technological advancements. Major companies like Huawei, BYD, and Xiaomi attended the event, reflecting the private sector’s key role in China’s innovation-driven future.
Source: CGTN
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