In a move signaling deeper dialogue between policymakers and entrepreneurs, the Chinese mainland's top economic planner, Zheng Shanjie, convened a symposium on Wednesday to hear directly from private firms. The session aimed to gather frontline insights on current economic conditions and the implementation of policies to stabilize employment and growth.
Industry leaders acknowledged the sector's enhanced resilience against external risks, crediting a strong focus on innovation, market diversification, and steady operations.
Despite ongoing challenges, private firms expressed confidence in their long-term prospects, buoyed by legal safeguards and the prospect of stronger policy backing.
Participants highlighted the introduction of the private sector promotion law as a milestone bolstering legal safeguards for the sector. They suggested prioritizing private-sector support in the upcoming 15th Five-Year Plan (2026-2030) to ensure continued momentum.
Speaking at the meeting, Zheng stressed the need to align macro policies with micro-level business needs. He pledged to improve regular government-business communication and to accelerate policy implementation, tackling sector-specific challenges to stabilize employment and market expectations.
The NDRC announced plans to advance the drafting of the 15th Five-Year Plan and ensure effective roll-out of policies supporting private enterprises. These steps aim to consolidate job stability and create a predictable environment for businesses.
As the Chinese mainland charts its next development phase, the renewed focus on public-private dialogue and legal safeguards could set the stage for a more robust growth trajectory driven by collaboration and innovation.
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China's economic planner holds symposium to hear from private firms
cgtn.com
