Xinhua Commentary: Continuously Stimulating Vitality and Dynamism of the Private Economy

On July 19, Jin10 reported that various regions and departments should focus on solving the issues that private enterprises have reported as particularly concentrated, effectively implementing both existing and new policies to strengthen the confidence of private enterprises in development. It is currently a priority to solidly implement policies and measures that promote the development of the private economy. Experiences and practices formed during the implementation of policies should be summarized and promoted in a timely manner. In cases of ineffective execution, supervision and inspection should be strengthened to correct deviations. At the same time, it is important to ask enterprises about their needs, encourage them to express their demands and suggestions regarding policy execution, and further adjust and improve based on feedback to enhance the precision of policy execution, continuously transforming policy dividends into development momentum. Continuously enhancing the internal driving force for the development of private enterprises is key. Seizing the opportunities of a new round of technological revolution and industrial transformation, adhering to the main business, and continuously honing internal capabilities will enable enterprises to continuously open up new spaces for development. Private entrepreneurs should maintain the spirit of “where there is a will, there is a way,” take the lead in innovation and change, and thus guide enterprises to ascend to the high end of the value chain.