In a recent interview with CGTN’s Aaron Liu, Liu Yonghao, Chairman of New Hope Group, underscored the critical need to enhance the vitality of private enterprises in China. As one of the country’s leading agribusiness conglomerates, New Hope Group plays a significant role in China’s agricultural sector.
Liu’s remarks come in the wake of Chinese Premier Li Qiang’s government work report presented on Tuesday. Premier Li emphasized the government’s commitment to fully implement guidelines and supporting measures aimed at facilitating the growth of the private sector. This initiative is expected to foster a more robust and dynamic economic environment, encouraging innovation and competitiveness among private companies.
“Enhancing the vitality of private enterprises is essential for driving economic development and ensuring sustainable growth,” Liu Yonghao stated. He highlighted the importance of government support in creating favorable policies and a conducive business environment for private enterprises to thrive.
The New Hope Group chairman also expressed optimism about the future of China’s private sector, noting that increased support and reforms could lead to greater contributions to the national economy and global markets. “With the right support, private companies can play a pivotal role in technological innovation, job creation, and opening up new markets,” Liu added.
The emphasis on bolstering the private sector aligns with China’s broader economic goals of promoting high-quality development and deepening market-oriented reforms. By streamlining regulations and reducing barriers to entry, the government aims to unleash the potential of private businesses across various industries.
Industry analysts believe that these measures could significantly impact sectors such as agriculture, technology, and manufacturing, where private enterprises have been key drivers of progress and modernization.
The commitment from both government leaders and industry figures like Liu Yonghao signals a concerted effort to enhance the role of private enterprises in China’s economic landscape, promising a more dynamic and diversified market in the years ahead.
Reference(s):
Head of Chinese farming group: Enhance vitality of private companies
cgtn.com
