Vitality of private sector high on agenda

Private enterprises, buoyed by China's advancing modernization drive, voiced optimism regarding the future trajectory of the private sector economy despite challenges, during the recently concluded two sessions.

The comments aligned with the key priorities detailed in the Government Work Report, underscoring the importance of implementing policies and actions efficiently to support the expansion of the private sector while ensuring the lawful protection of the legitimate rights and interests of private businesses and entrepreneurs.

Additionally, the report promotes the idea of competent private enterprises developing a resilient contemporary corporate structure incorporating unique Chinese elements. It also stresses the necessity of addressing intense competition and improving market entry conditions in burgeoning industries, positioning this as a crux of the government's 2025 agenda.