China’s top economic planner, the National Development and Reform Commission (NDRC), held a significant symposium on Wednesday to gather insights from private enterprises. The meeting aimed to understand current economic conditions and assess the implementation of policies focused on stabilizing employment and promoting growth.
Chaired by Zheng Shanjie, head of the NDRC, the symposium provided a platform for private firms to share their experiences and propose measures to support high-quality development within the sector. Attendees discussed industry performance and emphasized the importance of innovation, market diversification, and maintaining stable operations amid external challenges.
Despite facing various obstacles, the representatives from private enterprises expressed confidence in their long-term prospects. They highlighted the introduction of the private sector promotion law as a pivotal milestone that strengthens legal safeguards and fosters a more supportive environment for private businesses.
One of the key suggestions from participants was to prioritize support for the private sector in the upcoming 15th Five-Year Plan (2026-2030). They believe this move would further solidify the sector’s role in driving economic growth and innovation in the Chinese mainland.
Zheng Shanjie stressed the importance of aligning macroeconomic policies with the needs of individual businesses. He pledged to enhance regular communication mechanisms between the government and private enterprises, ensuring that policies are effectively meeting the sector’s requirements.
“We need to expedite the implementation of policies and address specific challenges facing the private sector,” Zheng stated. “By doing so, we can stabilize employment, support businesses, and meet market expectations.”
The NDRC also confirmed plans to advance the drafting of the 15th Five-Year Plan, emphasizing that policies supporting private enterprises will be effectively rolled out. This commitment signals a continued dedication to fostering a conducive environment for private firms to thrive and contribute to the economy.
