The private economy is a driving force for national economic and social development, and an important force for expanding employment, improving people's livelihoods, and promoting entrepreneurship and innovation. The latest statistical data from the State Administration of Taxation shows that from January to October this year, the country added 166.07 billion yuan in tax reduction and fee deferral, with private economy taxpayers being the main beneficiaries of tax and fee preferential policies, accounting for nearly 75% of the total amount. Since the beginning of this year, tax authorities in various regions have focused on reducing burdens, increasing efficiency, and alleviating difficulties, using practical measures to support the development and growth of the private economy. When it comes to tax and fee support policies, "relieving difficulties" and "enhancing confidence" have become key words among the responsible population of many private enterprises. In May this year, COMAC completed its first commercial flight with the world's first C919 large passenger aircraft delivered. This domestically produced large aircraft, which has taken the first step in market operation, is wearing a "lightweight cotton jacket" - ultra-fine glass fiber for aerospace, which is an authentic "domestic product" independently developed and manufactured by a private enterprise in Chongqing. The reporter learned that in order to fill the domestic technological gap, the company officially established a project in 2015 and has invested more than 70 million yuan in the development and research of new materials such as ultra-fine glass fiber. From production processes, testing methods to process stability, it has gnawed at the "hard bone" of technological breakthroughs one by one. "The core of specialization, refinement, and novelty lies in innovation, but the large investment, long cycle, and high risk of technological research and development cannot be separated from the strong support of national policies." Liu Zhengqi, the financial director of the company, said that especially the combination of multiple tax preferential policies has effectively released the financial pressure of the enterprise, helping it enter a virtuous cycle of research and development, output, and breakthrough. Since 2018, with only one policy of deducting R&D expenses, the company has reduced tax revenue by 17.3 million yuan. The more R&D investment, the greater the tax reduction, further strengthening the company's confidence in continuing to enter the high-precision and cutting-edge technology field. "The series of support policies provided by the government to small and micro enterprises have continuously injected vitality into us. This year, we continue to enjoy tax reductions and exemptions for small and micro enterprise property tax, land use tax, and other taxes. In the first half of the year alone, we have received more than 110000 yuan of tax reductions and exemptions, which has increased sufficient cash flow for our expansion and sustainable development." said Du Yuyan, the financial manager of Xinwanhe Tourism Resources Development Co., Ltd. in Chengdu. In Qingdao, a small and micro enterprise engaged in the overall solution of intelligent devices, after 4 years of development, its independently developed fully automatic assembly production line for mobile phones and acoustic products has been widely used in the production and manufacturing industry of domestic and foreign brand mobile phones. "As a small and micro enterprise, the 'real gold and silver' tax policy not only enriches the company's financial flow, but also enhances its development confidence. We have accumulated more than 3 million yuan in tax benefits such as the six taxes and two fees reduction policy, and the additional deduction of research and development expenses for high-tech enterprises. This year, our company's business has recovered significantly, with sales increasing by more than 10% year-on-year." said Zhang Yuanyuan, the company's tax official. "The high-quality development of the private economy is of positive significance for stimulating market vitality, increasing investment, creating employment, encouraging innovation, and enhancing market confidence in China. It is also an important part of promoting high-quality economic development in China."