On September 4th, Cong Liang, Deputy Director of the National Development and Reform Commission, introduced at a press conference held by the State Council Information Office that recently, the Central Compilation Office officially approved the establishment of the Private Economy Development Bureau within the National Development and Reform Commission as a specialized working agency to promote the development and growth of the private economy, strengthen policy coordination in relevant fields, and promote the early implementation and effective implementation of various major measures. Cong Liang stated that on July 19th, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of Private Economy" was publicly released. Over the past month, the National Development and Reform Commission and relevant parties have firmly implemented their opinions and launched a series of supporting measures, achieving initial results. Promoting the development and growth of the private economy is a systematic project that involves a wide range, a long policy chain, and multiple work links. Based on the current situation faced by the development of private economy and the current situation of private economy work, the Party Central Committee and the State Council have made significant decisions and deployments to establish a private economy development bureau in the National Development and Reform Commission. According to reports, the main responsibilities of the Private Economy Development Bureau are to track, understand, analyze, and judge the development status of the private economy, coordinate and organize the formulation of policies and measures to promote the development of the private economy, and formulate policies to promote the development of private investment. Establish a normalized communication and exchange mechanism with private enterprises, coordinate and solve major issues related to the development of the private economy, and coordinate and support the improvement of international competitiveness of the private economy. Zhang Shixin, Deputy Secretary General of the National Development and Reform Commission, said that the work of the private economy involves a wide range of areas and has strong policy implications, requiring close collaboration and cooperation among various departments to form a collaborative force. As a macro regulatory and economic comprehensive department, the National Development and Reform Commission has established the Private Economy Development Bureau, mainly based on better playing the role of overall coordination, comprehensive policy implementation, and promoting development. Some relevant departments also have the responsibility of serving and promoting the development of the private economy from their respective functional perspectives. Based on the existing work pattern, the establishment of the Private Economy Development Bureau in the National Development and Reform Commission will further strengthen the overall coordination of the development of the private economy, consolidate and showcase the achievements of work, create a better environment for the development of the private economy, and provide stronger support for the development of the private economy. (New News Agency)