China Economic Review: Private enterprises quadruple in 10 years private economy will continue to grow

2022-05-26 0 By

Mr. Zi Fang, commentator of China Economic Net, believes that the quadrupling of the number of private enterprises in 10 years depends on the hard work of entrepreneurs and the support of the Party and the state.Our commitment to inclusiveness and support for the private sector remains consistent, and the Chinese people’s enthusiasm for innovation is still surging.Not confused by the noise, not moved by the gossip.In the future, private economy will continue to develop and grow.Statistics from the State Administration for Market Regulation show that from 2012 to 2021, the number of private enterprises in China increased from 10.857 million to 44.575 million, quadrupling in 10 years, and the proportion of private enterprises in the total number of enterprises increased from 79.4% to 92.1%.The quadrupling of the number of private enterprises in the past decade depends on the hard work of entrepreneurs and the support of the Party and the state.From emphasizing the public ownership and non-public economy “two inviolable” and improve the property rights with justice as the core principle of property right protection system, introduced to inspire and encourage entrepreneurship support of private economy in various policy measures, the party since the eighteenth big, encourage, support and guide non-public economic development further perfecting the policy system, policy environment is further optimized,Private enterprises have played an important role in stabilizing growth, promoting innovation, creating jobs and improving people’s livelihood.Turning over the history of reform and opening up, over the past 40 years, China’s private economy has grown from scratch, from small to large, tenacious growth.”Contracting”, “entering the sea”, “individual households”, “ten-thousand yuan households”, “joint-stock cooperation” and “Internet entrepreneurship”, which change year by year, can be seen the vitality brought by the private economy to China’s economic development.There is no doubt that the Party and state support for the development of private economy is clear, consistent and constantly deepening.The private economy is not in the auxiliary position, but an important part of the socialist market economy, as well as an important foundation of China’s economic and social development.Look at why you’ve been successful in the past to understand how you can continue to be successful in the future.The private economy was born and prospered because of reform and opening up.Some young people today may find it hard to understand how hard it is to break out of mental confinement.Facts have fully proved that the reform and opening-up policy has greatly changed the face of the Chinese people. Once the Chinese people are free to catch up, no force can stop this mighty force.In the process of ideological emancipation, the Chinese people found the key to the door of The Times.Today, the pace of reform will not stop and the door of opening-up should not be closed again. This is the aspiration of the people and the right path for the world.Whenever private enterprises encounter difficulties, the party and the state always do everything possible to solve problems for them.At present, the downward pressure on the economy is increasing, and the situation at home and abroad is complex and volatile. Some private enterprises are facing many challenges, especially small, small and micro enterprises.A special meeting of the Financial Stability and Development Committee of The State Council held on March 16 stressed that “we will continue to deepen reform and expand opening-up, adhere to the principle of market and rule of law, adhere to the ‘two unswerving’, and effectively protect property rights.”Recently, in accordance with the deployment requirements of the Executive meeting of The State Council, the relevant departments have taken action, and strive to put in place the “red envelope” of the large-scale VAT tax rebate as soon as possible, and send “real money and silver” to enterprises.Of course, the development and expansion of private enterprises also need a good public opinion environment.In recent years, some people and institutions have played up the theory of “private sector withdrawal”, advocated “the state advancing and the private sector retracting”, created panic in the market, demonized private enterprises, and disturbed entrepreneurs’ stable expectations of the Chinese economy. We should always be on guard against all these and must take a clear-cut stand against them.Ups and downs are normal, rain or shine is the mentality.Today, our commitment to and support for the private sector remains consistent, and the Chinese people’s enthusiasm for innovation is still surging.Not confused by the noise, not moved by the gossip.In the future, private economy will continue to develop and grow.(Mr. Zifang, Commentator of China Economic Net)