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ChinaNewVitality | Private enterprises get confidence to participate in constructing a new development pattern

China's Government Work Report was delivered at the first meeting of the 14th National People's Congress (NPC) on March 5. According to the report, it will encourage the development of private economy and private enterprises, support the development of small, medium and micro enterprises and individual businesses.

 Liu Yonghao, the chairman of New Hope Group.

"After three years of COVID-19 impact, most real enterprises start their recovery. Tourism and consumption are the first to recover, it takes time for the resumption of other sectors," said Liu Yonghao, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), the chairman of New Hope Group. He hopes those policies can be implemented well for supporting the private and market economy, saying it is the key to boost confidence (of enterprises).

Zhu Xiaokun, the chairman of Tiangong International Company Limited.

"This year, the report on the work of the government suggested making economic stability our top priority and pursuing progress while ensuring stability. It injects confidence into the stable development of the market," said Zhu Xiaokun, a deputy to the 14th NPC, the chairman of Tiangong International Company Limited.

Under the effect of various negative factors last year, his enterprise still got good results. "The market demand for high-end products has not weakened. We made key technological breakthrough of powder metallurgy and further consolidated our position in the market," said Zhu.

Hu Dezhao, the chairman of Guangzhou Baiyun Electric Equipment Co., Ltd.

"Private sector and enterprises are highly valued and strongly supported. I am encouraged and more confident," said Hu Dezhao, a member of the 14th National Committee of the CPPCC, the chairman of Guangzhou Baiyun Electric Equipment Co., Ltd.

Hu pointed out that private enterprises should use their advantages of flexible mechanism and strong adaptability in the market competition at home and abroad. The company will promote energy conservation and carbon reduction, new energy, and rail transit equipment in Guangzhou.

Under the circumstances of both opportunities and challenges, private enterprises still need to make efforts in core technology and product differentiation. "The report encourages us to continue to innovate. Our goals are to achieve greater breakthroughs in high-end fields," said Zhu. His company will make greater efforts in technological innovation and high-end manufacturing applications.

To realize high-quality development, it is important to improve the quality of private sector and support the growth of private enterprises with international competitiveness. "To build an agricultural powerhouse, enterprises should play an important role in the construction of industrial chain, key resource allocation, digitalization and other dimensions. A number of world-class agricultural enterprises with core technology, market influence and international discourse are needed to be developed," said Liu Yonghao.

Reporter | Chen Yan from Southern Metropolis Daily, N-Video

Intern | Tang Xiuya, Lin Yue from Southern Metropolis Daily, N-Video

Editor | Zhou Fei from Southern Metropolis Daily, N-Video

English Editor | Wing, Steven, Will from GDToday

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