Chinese policymakers are delivering a strong and clear message: private enterprises will play a pivotal role in China’s future economic growth, supported by stable and consistent policies. Xiao Geng, director of the Institute of Policy and Practice at the Chinese University of Hong Kong, Shenzhen, emphasizes that Xi Jinping, General Secretary of the CPC Central Committee, is actively encouraging private companies across all sectors. This encouragement acknowledges the critical role these businesses play in driving innovation, generating profits, and maintaining social stability.
Furthermore, the government is steering businesses towards international diversification, focusing on regional markets such as the Hong Kong Special Administrative Region, ASEAN, and the Middle East. This strategic shift aims to reduce reliance on the U.S. market, enhancing the resilience and adaptability of China’s private sector. By fostering a supportive environment and promoting global expansion, China is reinforcing the strength and sustainability of its private enterprises, marking a significant advancement in its economic strategy.
Reference(s):
cgtn.com
