China’s National Development and Reform Commission (NDRC) convened a pivotal symposium on Wednesday, engaging private enterprises to assess economic conditions and refine policies aimed at stabilizing employment and fostering sustainable growth. Chaired by NDRC head Zheng Shanjie, the dialogue underscored the government's commitment to addressing challenges faced by businesses while enhancing collaboration with the private sector.
Symposium Highlights Private Sector Resilience
Attendees, spanning diverse industries, highlighted their efforts to navigate global uncertainties through innovation, market diversification, and operational stability. Many firms acknowledged improved resilience against external risks, attributing progress to recent policy support and the landmark private sector promotion law, which strengthens legal protections for businesses.
Policy Alignment and Long-Term Vision
Zheng emphasized the need to align macroeconomic strategies with micro-level business needs, pledging to streamline communication channels between authorities and enterprises. Participants proposed integrating stronger private-sector support into the upcoming 15th Five-Year Plan (2026–2030), signaling optimism for long-term growth despite short-term challenges.
Next Steps for Economic Stability
The NDRC committed to accelerating policy implementation, resolving sector-specific bottlenecks, and stabilizing employment and market expectations. Zheng reiterated plans to prioritize private enterprise needs during the 15th Five-Year Plan drafting process, ensuring policies resonate with grassroots realities.
