Liu Yonghao, Chairman of New Hope Group and a member of the Chinese People’s Political Consultative Conference (CPPCC), emphasized the transformative potential of government policies for private enterprises during a recent interview with CGTN’s Aaron Liu. Amid China’s push for high-quality economic development, Liu highlighted the symbiotic relationship between policy frameworks and private-sector innovation.
Unlocking Innovation Through Policy
Liu stressed that targeted incentives, such as tax relief and streamlined regulations, could empower companies to invest in sustainable practices and technology upgrades. ‘Private enterprises thrive when policies align with market demands,’ he said, pointing to recent initiatives promoting green agriculture as a model for cross-sector collaboration.
Agricultural Modernization in Focus
As head of one of China’s largest agribusiness conglomerates, Liu underscored agriculture’s strategic role in national development. He called for increased public-private partnerships to modernize rural supply chains, enhance food security, and leverage digital solutions for small-scale farmers. ‘Smart farming isn’t just a buzzword—it’s key to bridging urban-rural divides,’ he remarked.
With China’s private sector contributing over 60% of GDP, Liu’s insights resonate with investors and policymakers navigating post-pandemic recovery. His remarks align with broader efforts to integrate private enterprises into national goals, from rural revitalization to carbon neutrality.
