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Global Times: Xi urges healthy, high-quality development of private sector

  • Xi Jinping emphasized the need for healthy development of China's private sector during a symposium, stating that the country supports both public and non-public sectors equally.
  • Xi highlighted the significant contributions of private firms, stating they account for over 50 percent of tax revenue and 60 percent of GDP in China.
  • Xu Ming, CEO of Galaxy Space, expressed optimism about private enterprises' future and its role in technological innovation.
  • Experts noted that the private economy is vital for technological advancement and job creation, underscoring its role in Chinese modernization.
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Rutland HeraldRutland Herald
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Global Times: Xi urges healthy, high-quality development of private sector

BEIJING, Feb. 17, 2025 /PRNewswire/ -- Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday urged efforts to promote the healthy and high-quality development of the country's private sector, the Xinhua News Agency reported.

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pressreach.com broke the news in on Monday, February 17, 2025.
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