The third plenary session of the 20th Central Committee of the CPC has again stressed the importance of China's private economy. Recently, representatives from private enterprises across provinces, as well as experts in public policies and economy, got together to study and discuss the major policies put forward by the Session. CGTN reporter Bi Ran reports. 

This year's third plenary session further clarified the importance of the private economy, and provided detailed and specific institutional guarantees from multiple dimensions for its healthy development. Specifically, it stressed on stimulating private investment vitality in key areas, expanding channels for private investment and guiding high-quality development of private investment. 

CCTV International channel

FANG JIANHONG CEO, Fosun Infrastructure Group "The communique from the third plenary session of the 20th Central Committee has really boosted private companies' confidence in investing in major national infrastructure projects. They've created a regular pathway for these companies to get involved in big projects, and opened up new investment opportunities for promising projects down the line. It gives us more room in the market and will also significantly enhance our operational capabilities and efficiency."

21st Century Business Herald

JIANG CHENGZHI CEO, Far East Holding Group "For SMEs, the challenges of financing are often highlighted in major national meetings. This time, the issue was once again emphasized at the third plenary session, with specific requirements and standards introduced. This will help ensure that the contributions of private enterprises in the economy, in employment, and in society are in line with their role and status."

Business owners regard this resolution as a signal for further boosting market confidence. They also mentioned that new opportunities ahead would spur them to strengthen their businesses, and contribute better towards advancing the comprehensive promotion of Chinese-style modernization and national rejuvenation. 

Xinhua News Agency/Economic Information Daily

QIU BOQIAN CEO, CBF "The new policies will push us to develop innovative ways of boosting productivity, which is a real strength of private companies. We're naturally focused on efficiency, and new technologies like AI and automation are going to give us a real edge in the market."

BI RAN Beijing "As the representatives from the private sector said, the third plenary session of the 20th CPC Central Committee's support for the private economy will significantly boost confidence in the private sector's investments and entrepreneurship, thereby stimulating innovative business practices and entities. Bi Ran, CGTN, Beijing."