The basic principles and policies of the Party and the state regarding the development of the private economy have been incorporated into the system of socialism with Chinese characteristics and will be consistently adhered to and implemented without change.

At the private enterprise symposium held on February 17, General Secretary Xi Jinping delivered an important speech, fully affirming the significant achievements of the private economy and its important contributions to the country's economic and social development. He incisively summarized and emphasized the need to consistently adhere to and implement the basic principles and policies of the Party and the state for the development of the private economy, reassuring private enterprises and entrepreneurs and injecting impetus into the healthy and high-quality development of the private economy.

In 1980, Zhang Huamei in Wenzhou, Zhejiang Province, received the first business license for individual industrial and commercial households. Over the past 40-odd years, reform and opening up has activated the spring water and triggered waves of change, creating unprecedented historical opportunities for the rapid development of the private economy. The private economy has grown from small to large and from weak to strong, thriving along with the great journey of reform and opening up. It plays an irreplaceable role in stabilizing growth, promoting innovation, increasing employment and improving people's livelihoods, and has become an indispensable force in promoting China's development. Whether it is about seeking development, promoting innovation, benefiting people's livelihoods, or stabilizing the overall situation, responding to changes and opening up new prospects, the private economy has made great contributions.

Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has attached great importance to the development of the private economy, clearly putting forward major 论断 such as "the private economy is an inherent element of China's economic system" and "private enterprises and entrepreneurs are one of us", deepening the Party's understanding of the laws governing the development of the private economy. The 19th National Congress of the Communist Party of China incorporated the "two unswerving" principles into the basic strategy for upholding and developing socialism with Chinese characteristics in the new era. The 20th National Congress of the Communist Party of China put forward the idea of "optimizing the development environment for private enterprises and protecting the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law". The Third Plenary Session of the 20th Central Committee of the Communist Party of China has deployed a series of reform measures around the principle of "persisting in creating a good environment and providing more opportunities for the development of the non-public economy". The Party has continuously deepened its understanding, improved its strategy and enriched its practice, always reflecting the general policies of "two unswerving", "three unchanges" and "two healths", and always demonstrating the unremitting pursuit of promoting the growth of the private economy.

In the new era, the cause of the Party and the state has achieved great success, and remarkable steps have been taken in Chinese modernization. The development vitality of the private economy has been greatly stimulated, its development achievements have become more remarkable, and its role in development has become more prominent. Taking the acceleration of the cultivation and development of new productive forces as an example, the number of private enterprises among the national high-tech enterprises has increased from 28,000 in 2012 to more than 420,000 today, accounting for more than 92% from 62.4%. From the production of new energy vehicles exceeding 13 million in 2024 to the continuous emergence of innovative achievements in the fields of artificial intelligence and digital economy, private enterprises are showing their talents everywhere. Practice has proved that the private economy is a vital force in promoting Chinese modernization, an important foundation for high-quality development, and an important force in promoting China's full construction of a modern socialist power and the realization of the second centenary goal.

The development process since the reform and opening up, especially in the new era, fully shows that "for decades, the Party's theory and practice on the understanding of the status and role of the private economy in the cause of reform and opening up and socialist modernization and the principles and policies of the Party and the state for the development of the private economy have been consistent and advancing with the times", profoundly revealing the Party's firm determination, clear stance, strong will and strategic focus on promoting the growth of the private economy.

At the symposium, General Secretary Xi Jinping incisively summarized the basic principles and policies of the Party and the state for the development of the private economy, emphasizing that "the Party and the state adhere to and improve the basic socialist economic system, unswervingly consolidate and develop the public-owned economy, and unswervingly encourage, support and guide the development of the non-public economy; the Party and the state ensure that all forms of ownership have equal access to production factors in accordance with the law, compete fairly in the market and enjoy equal legal protection, promote the complementary advantages and common development of all forms of ownership, and promote the healthy development of the non-public economy and the healthy growth of non-public economic people." These basic principles and policies have been incorporated into the system of socialism with Chinese characteristics and are reflected in the Party Constitution and the Constitution. They are not short-term measures but long-term policies that have not changed in the past and will not change in the future. On the new journey, consistently adhering to and implementing the basic principles and policies of the Party and the state for the development of the private economy will surely promote the private economy to shine with new luster and make new contributions.

At present, in the critical period of Chinese modernization, the private economy is facing broader development prospects. In the new era and on the new journey, private enterprises and entrepreneurs should align their thinking and actions with the spirit of General Secretary Xi Jinping's important speech, correctly understand the principles and policies of the Party and the state for the development of the private economy, make good use of all favorable measures, strengthen their confidence, boost their spirits, work hard, be pragmatic and innovative, so as to achieve the healthy and high-quality development of the private economy.