In an exclusive interview with CGTN, Ning Zhang, senior China economist at UBS Investment Bank, stated that supporting the development of private enterprises is now the top priority for the Chinese mainland. Zhang emphasized that strong determination and policy measures are essential to bolster the private sector, which plays a critical role in the nation’s economy.
“China’s commitment to the private sector is stronger than ever,” Zhang remarked. He highlighted the expectation of more policy initiatives and legislative progress aimed at fostering a favorable environment for private businesses.
Zhang’s comments come amid ongoing efforts by the Chinese mainland to stimulate economic growth and innovation. By focusing on the private sector, authorities aim to unleash the potential of millions of entrepreneurs and drive sustainable development.
“Private enterprises are the backbone of job creation and technological advancement,” Zhang added. “Supporting them is crucial for economic resilience and prosperity.”
The emphasis on private sector support reflects a strategic move to balance state and private interests, ensuring that the economy remains dynamic and competitive on the global stage.
