Maintain and enhance the good momentum of private economic development
2024-06-21
"The country is committed to creating a legal, market-oriented, and internationalized first-class business environment." "Many industries' glass doors, spring doors, and revolving doors have been opened." "Spring River Water Warm Duck Prophet. The perception of the development environment is the most direct for private entrepreneurs.". At the end of 2012, there were a total of 10.857 million private enterprises in China. By the end of May 2024, the number had reached 55.177 million, with a growth rate of over four times over the past decade. Their contributions to stable growth, technological innovation, employment and entrepreneurship, improving people's livelihoods, and expanding into international markets have become increasingly prominent. Private enterprises seize opportunities, seek efficiency from the new, and seek quality from the high, fully demonstrating vitality and resilience, becoming a bright light for the Chinese economy to cope with ups and downs. The top-level design must unwaveringly consolidate and develop the public sector of the economy, adhere to the dominant position of the public sector, give full play to the leading role of the state-owned economy, and continuously enhance the vitality, control, and influence of the state-owned economy. It must unwaveringly encourage, support, and guide the development of the non-public sector of the economy, stimulate its vitality and creativity. The Third Plenary Session of the 18th Central Committee of the Communist Party of China reviewed and approved the Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensively Deepening Reform (hereinafter referred to as the Decision), making top-level design for promoting the development and growth of the private economy in the new era. "The Decision clarifies that the non-public sector of the economy is an important component of the socialist market economy and an important foundation for economic and social development, further enriching the connotation of 'two unwavering' and having symbolic significance for the reform and development of the private economy." In the opinion of Luo Zhenli, a researcher of the Internet Industry Research Institute of Tsinghua University and a senior expert of the China Private Economy Research Association, private enterprises have always been the beneficiaries and promoters of building a high-level socialist market economic system. Making a series of reform plans around the development of private enterprises is an inevitable requirement to uphold and improve the basic economic system, and is a realistic need to transform the mode of economic development and build an innovative country. At that time, after 35 years of rapid development through reform and opening up, the degree of marketization in China significantly improved, and private enterprises became an important foundation for stabilizing the economy, an important subject of technological innovation, and an important support for financial development. With the widespread and profound changes in the external environment, it is urgent to address issues such as irregular market order, lagging development of production factor markets, insufficient market competition, and the existence of some hidden barriers, in order to explore greater space for the development of private enterprises. The Decision makes a series of new judgments: "The property rights of public ownership economy are inviolable, and the property rights of non-public ownership economy are also inviolable." "We guarantee that all types of ownership economy use production factors equally in accordance with the law, participate in market competition openly, fairly, and justly, and receive equal legal protection." "We adhere to equal rights, equal opportunities, and equal rules, and abolish unreasonable provisions on various forms of non-public ownership economy." This is a manifestation of the Party Central Committee's high attention to the private economy and support for the private economy to move towards a broader stage. It is a manifestation of the increasing respect for the private entrepreneur group, inspiring us to enhance our sense of responsibility, mission, and sense of responsibility. "said Xu Guanju, Chairman of Chuanhua Group. The 19th National Congress of the Communist Party of China included "two unwavering principles" in the basic strategy for adhering to and developing socialism with Chinese characteristics in the new era. The 20th National Congress of the Communist Party of China emphasized the optimization of the development environment for private enterprises, the legal protection of the property rights of private enterprises and the rights and interests of entrepreneurs, and the promotion of the growth and development of the private economy. "In various major conferences, there are discussions on promoting the development of the private economy, which have played a guiding role in optimizing the business environment and solving difficulties in enterprise development." Luo Zhenli said. The private economy in our country can only grow and cannot weaken, not only cannot 'leave', but also needs to move towards a broader stage. The position and role of the non-public economy in China's economic and social development have not changed, and our policies to encourage, support, and guide the development of the non-public economy have not changed. Our policies to create a good environment and provide more opportunities for the development of the non-public economy have not changed... This is the fundamental principle for planning reforms in the private economy from a higher starting point, providing important impetus for the deepening of various reform measures. In recent years, the uncertainty of China's economic development has increased, and downward pressure has increased. In the past, the advantages of labor, land and other factors that supported the long-term growth of the private economy have changed, and the extensive model of "paving the way" and "expanding the scale" is not suitable for the needs of high-quality development, resulting in increased operational difficulties for enterprises. These are all inevitable problems encountered in the process of progress, and we also need to firmly deepen reform and opening up to solve them. Luo Zhenli stated that private enterprises have a large quantity and a wide range of areas, and policy implementation is not easy, so efforts need to be made to refine and implement them. However, in any case, making full use of the key move of reform and opening up can turn pressure into motivation and achieve breakthroughs in difficult situations. Reform stimulates momentum, and private enterprises take small steps and run fast. In terms of quantity, as of the end of 2023, the proportion of private enterprises in the total number of enterprises has reached over 92%; From a quality perspective, the 2023 China Top 500 Private Enterprises Research and Analysis Report shows that the threshold for the top 500 private enterprises to be shortlisted has reached 27.578 billion yuan, maintaining a continuous growth momentum in the past decade. In July 2023, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy" were issued, proposing 31 specific measures from the aspects of development environment, policy support, rule of law guarantee, social atmosphere, etc., to create better conditions for the growth, optimization, and strength of private enterprises. The comprehensive, specific, and meticulous deployment reflects the high importance and earnest expectations placed on private enterprises. The document does not avoid or cover up the problems encountered in the development of private enterprises, and has greatly inspired us. This has caused a warm response among the private entrepreneur community. In the past decade, departments such as the National Development and Reform Commission, the Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the State Administration of Taxation have conducted visits, discussions, and other means to understand and promote the resolution of prominent problems faced by private enterprises. Many detailed and practical measures have been successively introduced, including expanding financing for private enterprises, emphasizing property rights protection, promoting fair competition, promoting entrepreneurial spirit, and building pro Qing government business relationships. ——Stable and secure enterprises, continuously optimizing the legal environment. The rule of law plays a fundamental, stabilizing, and long-term role. Over the past decade, relevant departments have continuously improved the legal and regulatory system for promoting the development of the private economy, comprehensively cleaned up laws, regulations and policies that treat enterprises unfairly, and continuously improved the legislative mechanism for fully listening to the opinions of private enterprises. Revision of the Law of the People's Republic of China on the Promotion of Small and Medium sized Enterprises, adding a special chapter on "Protection of Rights and Interests"; The Regulations on Optimizing the Business Environment provide systematic provisions for the pain points, difficulties, and obstacles that enterprises have strongly reflected; The special inspection on creating a legal business environment and protecting the development of private enterprises has effectively promoted the implementation of policies. "The legal environment for the development of private enterprises is continuously optimizing." Xu Zewei, Chairman of 91 Technology Group, stated that taking the regulation of online infringement and optimization of the business network environment in accordance with the law as an example, the Central Cyberspace Administration held a special enterprise symposium, the National Cyberspace Administration organized a special action, and the Supreme People's Court issued typical cases. These deployments are strong signals that the state protects the property rights of private enterprises and the legitimate rights and interests of entrepreneurs in accordance with the law. ——Fair competition and a more orderly market environment. One of the key to comprehensively deepening reform is to further form a fair and competitive development environment. The Decision emphasizes the elimination of various implicit barriers and the formulation of specific measures for non-public enterprises to enter the field of franchising. The 20th National Congress of the Communist Party of China emphasized the improvement of market economy basic systems such as property rights protection, market access, fair competition, and social credit, and the optimization of the business environment. The implementation of the negative list system for market access is accelerating, and various regulations and practices that hinder unified markets and fair competition are being abolished. Private enterprises have made breakthroughs in multiple fields, and a number of landmark projects involving private enterprises such as the Hangzhou Shaoxing Taiwan Railway, Hangzhou Wenzhou Railway, Zhoushan Green Petrochemical Base, and San'ao Nuclear Power have landed. "I deeply feel that many industries' glass doors, spring doors, and revolving doors have been opened, and the market access mechanism is constantly improving, which has strengthened our confidence in deeply cultivating the railway field." Wen Xiaodong, Vice President of Fosun International and Chairman of Fosun Infrastructure Industry Development Group, told reporters that Fosun has participated in the investment and construction of China's first privately-owned high-speed railway, the Hangzhou Shaoxing Taiwan Railway, which has transported nearly 30 million passengers in the past two years since its opening in early 2022. The Opinion of the Central Committee of the Communist Party of China and the State Council on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises clearly supports the gradual increase in the proportion of private economic entities in industries that open up market access for private enterprises. In May 2024, the proportion of electricity, heat, gas, water production and supply industries increased to 67.1%, the proportion of transportation, warehousing, and postal industries increased to 97.2%, and the proportion of financial industries increased to 40.4%. ——Relieving difficulties and difficulties, problem oriented and effective. The more policy design that faces problems directly, the more it can bring a sense of gain to private enterprises. Taking helping enterprises save money as an example, in 2023, private economy taxpayers have benefited significantly from tax and fee preferential policies, with an increase of 1686.46 billion yuan in tax reductions and deferred tax refunds. In terms of import and export, a series of policies continue to enhance the ability of private enterprises to connect with the global market. The pilot scope of facilitation measures such as "direct lifting by the ship" and "direct loading upon arrival at the port" is constantly expanding; Promote the implementation of exemption from filling out export tax refund declaration forms and invoice information; Further expanding the scope of application of proactive disclosure policies... The convenience of each link can be quantified as the true gold and silver of the enterprise. The results of the 2023 survey conducted by the All China Federation of Industry and Commerce on the evaluation of the business environment for ten thousand private enterprises show that over 90% of the sample enterprises believe that the business environment in China has improved in the past year, with scores on the evaluation of factors, government affairs, market, rule of law, and innovation showing an upward trend. Luo Zhenli believes that from the central to local levels, various policies have been coordinated and coordinated to resolve some structural problems and ensure comprehensiveness in the reform; By highlighting key points and integrating systems, the reform avoids fragmentation issues and ensures continuity; Through inspection and implementation, effectively prevent the reform from entering idle mode and ensure operability. The policy dividend of stimulating vitality and strong resilience is accelerating its transformation into the driving force for the development of private enterprises. The innovation and creativity of the private economy are fully unleashed, and multiple economic development indicators maintain a good trend above the national average growth level. Private enterprises are constantly improving their technological content and playing a major role in the development of emerging industries. High tech system
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