Continuously Boosting the Confidence of Business Entities - Implementing the Spirit of the Central Politburo Conference and Doing a Good Job in Current Economic Work Series Review IV

2023-05-04

The meeting pointed out that we must adhere to the "two unwavering principles", eliminate legal and regulatory barriers and hidden barriers that affect fair competition and common development of enterprises under various ownership systems, continue to boost the confidence of business entities, and help enterprises recover their vitality. To promote sustained economic improvement and achieve high-quality development, we cannot do without billions of dynamic and resilient business entities. This meeting will release positive signals and propose practical measures, which will greatly enhance the development confidence of the majority of business entities, take proactive actions, and demonstrate vitality in promoting high-quality development. Adhering to the principle of 'two unwavering' and creating a favorable environment for the development of business entities, the China Procurement Manager Index in April showed that the production and operation activities of enterprises continued to recover and develop. The expected index of production and business activities is 54.7%, which continues to be at a high level. Enterprises have stable confidence in recent market development. Bold development injects strong confidence and motivation into the healthy and high-quality development of the private economy. Since the beginning of this year, various departments in various regions have effectively implemented the "two unwavering principles", making efforts to optimize the business environment, alleviate recruitment and employment difficulties, and solve financing difficulties and high financing costs, providing support for the development of business entities. In the first quarter, the operation of state-owned and state-owned holding enterprises in China continued to improve. During the same period, 2.039 million new private enterprises were established nationwide, a year-on-year increase of 10.7%. As of the end of March, private enterprises accounted for 92.3% of the total number of enterprises, making them an indispensable and important force in promoting high-quality development. Wang Yong, Deputy Director of the Institute of Economics at Tsinghua University, stated that the Central Politburo meeting emphasized the adherence to the "two unwavering principles" and made arrangements, calling for the "removal of legal and regulatory barriers and hidden barriers that affect fair competition and common development of enterprises of all types of ownership", further boosting market expectations and confidence, making the confidence of business entities in entrepreneurship and development more firm, and the willingness to expand investment stronger. The conference on anchoring key links and promoting high-quality development pointed out that "all types of enterprises must operate in accordance with the law and regulations. We must make up our minds to fundamentally solve the problem of enterprise arrears. We must promote the standardized and healthy development of platform enterprises, and encourage top platform enterprises to explore innovation." Xue Jun, director of the Beijing University E-commerce Law Research Center, said that fair competition is no exception, and all types of enterprises must operate in accordance with the law and regulations, Truly improving efficiency through market competition and promoting high-quality economic development. Clearing up outstanding corporate accounts is an important measure to support the development of enterprises. Zhao Qingming, Vice President of China Foreign Exchange Investment Research Institute, said that he is determined to fundamentally solve the problem of outstanding corporate accounts,

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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