The private economy accounts for half of China's GDP and is an important force in promoting economic growth. Its development trend has attracted attention.

General Secretary Xi Jinping pointed out at this year's two sessions of China that it is necessary to guide private enterprises and private entrepreneurs to correctly understand the principles and policies of the Party Central Committee, strengthen confidence, go into battle lightly, and develop boldly to achieve healthy and high-quality development of the private economy.

On April 21, the first meeting of the 20th Central Committee for Comprehensively Deepening Reform was held to review and approve the "Opinions on Promoting the Development and Growth of the Private Economy". The meeting emphasized that supporting the development of the private economy is a consistent policy of the Party Central Committee.

At a time when China's economy is steadily recovering, Xinhua News Agency reporters conducted in-depth research and interviews in many places, listened to the voices of private entrepreneurs, felt the temperature of the private economy, and felt the pulse of the development of the private economy.

The market has warmed up and the confidence in development has improved significantly

"I can't sit still and wait! I have to make up for the losses caused by the epidemic."

When the reporter met Wang Xincheng, chairman of Hubei Changjiang Electric, he had just returned from a business trip. Visiting customers, negotiating orders, participating in exhibitions, recruiting talents... have become his daily work this year.

This private enterprise located in Wuhan's "China Optics Valley" and dedicated to smart energy construction and services has a deep feeling about the current economic recovery. "The momentum is very good. The orders in the first month were 810 million yuan, and the year-on-year growth in the first quarter exceeded 15%. New orders are still increasing. We are running at full capacity." Wang Xincheng said.

The market has recovered, orders have increased, and the busyness index has soared. This is the common feeling of many private entrepreneurs during the visit.

During this year's two sessions of China, General Secretary Xi Jinping reiterated the adherence to "two unshakable" and "three unchanged", emphasizing "encouraging and supporting the development and growth of private economy and private enterprises, boosting market expectations and confidence", and proposed "We always regard private enterprises and private entrepreneurs as our own people, support private enterprises when they encounter difficulties, and provide guidance when private enterprises encounter confusion."

Many places and departments have taken active actions: continue to break various forms of unreasonable restrictions and hidden barriers to market access; promote private enterprises to participate in major national strategies; increase relief and assistance; further enrich private enterprises' financing channels... A series of measures have been introduced to alleviate financing difficulties, optimize the business environment, and promote high-quality development, and continue to relieve the worries and difficulties of private enterprises.

From the coast of the East China Sea and the South China Sea to the central inland...Looking at China, private enterprises have worked hard and taken positive actions to make production "busy", investment "warm" and logistics "running".

"After the Spring Festival, I spent two-thirds of my time on business trips, busy negotiating and communicating about lithium extraction from salt lakes and industrial wastewater treatment projects in government industrial parks, and business opportunities have increased significantly." Dang Jianbing, chairman of Jiangsu Jiuwu High-tech Co., Ltd., said, "As a company that provides products and solutions to other companies, we can clearly feel the warming atmosphere."

From starting from scratch to becoming a "single champion" in the manufacturing industry, Nanjing Tianjia Environmental Technology Co., Ltd. continues to move forward in the field of clean environment. The reporter learned that in the first quarter of this year, the company's performance increased by 10% to 15% year-on-year, and industrial manufacturing projects and overseas export orders increased significantly.

"The reason is that on the one hand, the backlog of projects started after the beginning of the year, and on the other hand, the construction market rebounded." Wu Xiaoquan, the company's chief operating officer, said, "The economy is recovering and improving. More importantly, the central and local governments have released a clear signal of support for the development of the private economy. We are full of confidence in the future."

After experiencing a decline in overseas market revenue last year, Guangdong Xinbao Electric Co., Ltd. ushered in a turnaround in the first quarter of this year.

This company, which started as an OEM, is now known as the "hidden champion of small household appliances", with more than 70% of its products exported overseas. "Orders are steadily recovering, and exports have steadily increased compared with the fourth quarter of last year." Zeng Zhanhui, the company's president, said, "The market recovery is a process. We must seize the window period and seize new opportunities."

The feelings of private entrepreneurs confirm the warmth of economic recovery. In the first quarter, China's industrial added value above designated size increased by 3% year-on-year, total retail sales of consumer goods increased by 5.8% year-on-year, and China's fixed asset investment increased by 5.1% year-on-year... A series of economic indicators stabilized and improved.

Echoing the macro statistics, indicators in multiple sub-sectors also reflect the trend of increased endogenous motivation and gradual active improvement of enterprises.

--2.039 million! This is the number of newly established private enterprises in China in the first quarter, an increase of 10.7% year-on-year.

--132.7! This is the data of China's "specialization, precision, specialization and innovation" innovation index in February, an increase of 10.6% over the same period last year.

--Improving month by month! In the first quarter, the total value of China's import and export of goods trade increased by 4.8% year-on-year. Imports and exports of private enterprises increased by 14.4% year-on-year, accounting for 52.4% of China's total foreign trade.

Through a set of figures, we can feel the development vitality of private enterprises after the implementation of the policy: According to the monitoring data of the China Association of Small and Medium Enterprises, in the first quarter, the SME development index was 89.3, the highest increase since the fourth quarter of 2020, and the indexes of eight sub-industries such as transportation, postal and warehousing industries rebounded comprehensively; the operation rate of small and medium-sized enterprises rebounded significantly, and the resumption rate of work and production increased steadily.

"From the situation we have investigated and grasped, the overall market situation has continued to improve since the beginning of the year, the confidence of private entrepreneurs is recovering, and their enthusiasm and courage have increased." Liu Cong, chairman of the Jiangsu Federation of Industry and Commerce, said, "With the continuous efforts of supporting policies, everyone has the confidence to consolidate the positive trend and strive to lay a solid foundation for the best results throughout the year."

Overcoming difficulties and breaking new ground in high-quality development

As the primary task of building a modern socialist country in an all-round way, high-quality development has put forward higher requirements for the development of the private economy. More private enterprises are working hard, facing difficulties, and striving hard on the road of strengthening industry and independent innovation.

Stick to innovation and work hard in adversity - 288 million yuan, 322 million yuan, 454 million yuan, 589 million yuan, from 2019 to 2022, the research and development investment of Wuhan Jingce Electronics Group Co., Ltd. has more than doubled. "In recent years, our operating pressure has been considerable, especially in 2022, when the new display industry fell into a trough, and many companies in the industrial chain failed to achieve full production, but this also gave us an opportunity to work hard." Shen Yafei, deputy general manager of Jingce Electronics, said.

The industry's first 1mm aperture color analyzer, a high-precision array colorimetric parameter measuring instrument with completely independent intellectual property rights... One by one, "fist products" that fill in the gaps in China have been launched, bringing Jingce Electronics a three-year revenue curve against the trend.

Speaking of innovation, Shen Yafei was deeply touched: "Enterprises with strong innovative R&D capabilities are more resilient to shocks and recover faster from difficulties."

From giving up the "iron rice bowl" of a teacher to start a business, to the successful listing of the company on the Beijing Stock Exchange last year, Hu Yufang, chairman of Suzhou Taihu Snow Silk Co., Ltd., relied on a tenacity and pioneering spirit.

"Faced with the impact of various uncertain factors, we did not sit and wait for death, but chose to face the challenges head-on." Hu Yufang said that in recent years, companies have opened up sales boundaries through e-commerce live broadcasts, added stores at Internet celebrity check-in points, expanded overseas sales channels, accelerated brand overseas expansion, and opened up a new world.

"Chain" companies work together to achieve win-win results in strengthening the industrial chain--

"The more difficult the road, the stronger the competitiveness." Yao Xianjun, general manager of Ningbo Junling Mould Technology Co., Ltd., was deeply touched.

This mold die-casting company with only about 200 people suffered the dual pressure of the epidemic impact and corporate transformation in 2020. Faced with great difficulties, Yao Xianjun never thought of giving up, but withstood the pressure to accelerate the exploration of new models-from single mold development to chain layout.

By carefully selecting 17 or 18 small and micro suppliers, Junling Mould has created a supply chain for coordinated development, sharing orders and co-responding to risks, and driving the development of surrounding supporting small and micro enterprises.

From getting the first full process chain development project in 2020, to more than 20 projects in 2022; the output value increased from 120 million yuan in 2020 to nearly 250 million yuan in 2022, and then to more than 100% year-on-year growth in the first quarter of this year... The development potential is constantly being released.

"If you want to enjoy the dividends of the innovative model, you need to plant a "seed" first and patiently cultivate it to sprout." Yao Xianjun said that enterprises cannot only look at the present, but also focus on the long-term.

All parties have launched a policy combination to safeguard high-quality development--

A good start, but difficulties still exist.

"Since the beginning of this year, the company's order volume has increased significantly, but because of the collection cycle, the more orders, the more funds need to be advanced." Chen Hongbo, vice president of Guangdong Jiateng Robot Automation Co., Ltd., said, "If the working capital pressure can be effectively alleviated, we will have more confidence and guarantee in innovative development and high-quality development."

"The market is recovering, but the seasonal and cyclical orders of downstream companies have decreased, and most of them are short-term orders." Huang Kunyu, managing director of Esquel Group, said that this requires companies to adjust their strategies in a timely manner according to market demand and coordinate the immediate and long-term development.

Continue to increase the credit supply of small and micro private enterprises, support private enterprises to participate in major national scientific and technological innovations, and ensure that all types of business entities are treated equally in terms of fiscal and tax subsidies and tax concessions...Aiming at the pain points and difficulties of the development of private enterprises, a series of solid measures have been implemented one after another.

Various policies to benefit enterprises have helped to give private enterprises a "reassurance" for development.

Wuhan Yixun Beidou Space-Time Technology Co., Ltd. is a "little giant" enterprise specializing in software and hardware in the field of "Beidou+" space-time intelligence. In the past three years, it has enjoyed corporate income tax and value-added tax incentives of tens of millions of yuan due to various policies such as high-tech enterprises and additional deductions for R&D expenses. "With the support of various policies, the company's R&D investment has accounted for more than 12% for many consecutive years, and its revenue in the first quarter increased by 60% year-on-year. It is expected to increase by more than 200% year-on-year this year." Chen Hong, the company's deputy general manager, is very optimistic about the future.

"All parties work together to help private enterprises reduce pressure and burden, so that entrepreneurs can calm down and have more motivation to go into battle with light equipment." Zhang Qing, vice president of the Wuhan Small and Medium Enterprises Association, said.

Be confident, seize opportunities and accelerate development

Starting from a small family workshop producing soap liquid, and growing into a modern enterprise group spanning logistics, chemicals, agriculture and other sectors, Xu Guanju, chairman of Chuanhua Group, who witnessed the company's 37-year development, said frankly that the global economic situation has been complex and changeable in recent years, and private enterprises have been at the forefront of the struggle and have deeply experienced "high winds and rough waves" and "stormy waves".

"Orders have picked up, but at present, enterprises and industries are like recovering from a serious illness, and the foundation is still not solid." Tang Fangming, assistant to the general manager of Jiangsu Hengli Chemical Fiber Co., Ltd., described the current situation in this way. By focusing on new materials, new energy and other fields, enterprises are constantly exploring new momentum and new space.

Looking to the future, opportunities and challenges coexist. The private enterprises interviewed said that they should ignite wisdom, stimulate enthusiasm, strengthen confidence, face challenges and seize greater development opportunities.

Be confident and seize the initiative in development in the search for new tracks.

"Consciously pursuing high-quality development" is a requirement for private enterprises. This path also brings development opportunities and accumulates development potential for enterprises.

Eight used mineral water bottles can be "transformed" into a T-shirt after processing. Today, Shenghong Group's production capacity of recycled fibers made from used plastic bottles accounts for more than 50% of the global market share.

Shenghong Group, which started out in printing and dyeing and then completed the layout of the entire industrial chain from "a drop of oil" to "a strand of silk", is accelerating its entry into the three major fields of green and low-carbon, new materials, and new energy. "We are increasing the production of acrylonitrile, the main raw material for carbon fiber. After the fourth acrylonitrile new material unit is put into production in the second half of this year, our production capacity is expected to become the world's first." said Wang Shuai, executive director of Shenghong Group.

"We can't treat the 'no man's land' as a 'comfort zone'. We must find a new track with larger capacity on the basis of deepening our main business." Zhou Peng, general manager of Wuhan Pusaisi Electronics Co., Ltd., a specialized and innovative "little giant" enterprise, said that with the rapid rise of third-generation semiconductor technology, the demand for testing has increased significantly. The company is seizing the golden period of domestic substitution in the industrial chain to create new business growth points.

Be confident and open up new space in the large Chinese market.

In the first quarter of this year, China's production and sales of new energy vehicles increased by nearly 30% year-on-year. The positive trend and broad market prospects have strengthened Ningbo Zhenzhi Machinery Mould Co., Ltd.'s confidence in accelerating its layout in the Chinese market.

This specialized and innovative "little giant" enterprise dedicated to the research and development and manufacturing of large-scale precision die-casting molds has been busy working overtime to catch up with orders recently, and has also received a large number of relevant persons in charge of automobile companies, OEMs, and large die-casting plants to come for inspection and negotiation.

"In the post-epidemic era, many Chinese auto companies are accelerating their transformation, gradually changing from the original stamping to integrated die-casting molds, which will bring us great development space." Zhou Jinrong, the company's executive vice president, told reporters that although the company's overseas orders in the second quarter declined, it was confident in achieving its annual goals.

Be confident and embrace new opportunities while adhering to feelings and fulfilling responsibilities.

Both state-owned enterprises and private enterprises are important forces in promoting common prosperity. By keeping up with national strategies and grasping the general trend of development, enterprises will better realize their own development.

Walking into the site of the "Harmonious Rural Center" of Chuanhua in Puyang, Xiaoshan, Zhejiang, there is a scene of hot construction in front of us. This project, which will be unveiled in August this year, will become a gathering place for "agricultural people" to innovate and start businesses, employment at the doorsteps of surrounding villagers, and sightseeing and leisure experiences for tourists.

On the south bank of the Qiantang River, more than 100 life science companies have taken root in the Chuanhua Science and Technology City, which is being accelerated.

From the integration of the primary, secondary and tertiary industries to drive rural industrial prosperity, to stepping up the layout of the life science field, Chuanhao Group has followed the national strategy, aimed at the future, and continuously expanded its industrial territory.

"We have laid out the "livelihood business" on which we depend for survival, developed the business, and sowed the seeds for future business." Xu Guanju said.

Years of practice have proved that private enterprises are an important force in China's economic development. At present, the picture of Chinese-style modernization is slowly unfolding, and private enterprises have great potential on the new journey.

"Embrace new opportunities and the future prospects are promising." Hu Yufang expressed the voice of many private entrepreneurs, "We must put down our burdens, develop boldly, and create new glory on a broader stage with high-quality development."

(Xinhua News Agency, Beijing, May 8)

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