Accompanying the great course of reform and opening-up, the private economy has grown from small to large and from weak to strong, and has continued to develop and expand, making great contributions to revitalizing the national economy and improving people's living standards. Since the 18th National Congress of the Communist Party of China, the Party and the state have placed great importance on the development of the private economy and have introduced a series of policies to support the development of the private economy. General Secretary Xi Jinping has repeatedly stressed the need to adhere to

The significance of high-quality development of private enterprises is of great importance
The important position of private enterprises the national economy is not to be neglected. Marx pointed out: "In all social forms, there is a certain production that determines the status and influence of all other, and therefore its relations also determine the status and influence of all other relations. This is a general light that obscures all other colors and changes their characteristics." basic economic system in our country is to implement the public ownership economy as the main body and the common development of multi-ownership economy. The public ownership economy, is in the dominant position, is the "general light" of the socialist society, which determines the nature of the socialist society, and determines the status and influence of economic components of ownership. Under the influence of this "general light" of public ownership, the private economy also has the function requirements and social responsibility of strengthening the country enriching the people, and private enterprises and private entrepreneurs are also the "fellow travelers" and "own family members" of building socialism with Chinese characteristics. General Xi Jinping emphasized that "the basic principles and policies of the Party and the state on the development of private economy have been included in the system of socialism with Chinese, and will be consistently adhered to and implemented, and will not change." As an inherent element of our economic system, the private economy and the public complement and promote each other, which not only demonstrates the vitality and inclusiveness of the socialist market economy, but also further enriches the connotation of economic system, and injects strong momentum into the joint promotion of high-quality economic development.
The private economy is the source of vitality in China' economy. The private economy has the characteristics of "five, six, seven, eight, and nine", that is, it contributes more than 50% of, more than 60% of GDP, more than 70% of technological innovation achievements, more than 80% of urban employment, and more 90% of the number of enterprises, and it occupies a pivotal position in China's economic and social development. It is an important main body ofship and innovation, an important force to promote the comprehensive construction of a socialist modernized powerful country in China, and an important pillar and new growth engine for China' economic growth in the future. On the new journey of the new era, we need to further create a fair competitive environment for private enterprises, create broad market space, promote the high-quality development of the private economy.