The policy is effective, and the development trend of the private economy continues to be stable

Mondo Finance Updated on 2024-01-28

China Business Daily (Reporter Wang Tongxu) Since the beginning of this year, China's private enterprises have shown strong endogenous power. In the first three quarters, 706 new private enterprises were established in the country50,000 households, a year-on-year increase of 153%;As of the end of September, the number of registered private enterprises in the country exceeded 52 million, and private enterprises accounted for 92 percent of the total number of enterprises3%。

On December 6, the relevant person in charge of the National Private Economic Development Bureau said in response to reporters' questions on the private economy that the survey showed that the proportion of private enterprises with optimistic expectations about the macroeconomy, operating income, market demand, and foreign affairs has increased, and the market expectations and development confidence of private enterprises have been further improved.

The confidence of private enterprises is inseparable from the strong support of policies. On the one hand, the blockbuster documents and measures to support the development of the private economy have been released one after another, providing institutional guarantee for the development of private enterprisesOn the other hand, all localities and departments have also actively escorted private enterprises and created a good environment for development.

In the industrial park of Peng'an County, Nanchong City, Sichuan Province, employees of private enterprises are working hard to catch up with orders and grasp production. (*Courtesy of CNSPHOTO).

The joint efforts of policies have been effective, and the development of the private economy has been stable and improving.

On July 14, the "Opinions of the Communist Party of China on Promoting the Development and Growth of the Private Economy" was publicly released, which planned a blueprint and pointed out the direction for promoting the development and growth of the private economy. Subsequently, a series of policy measures such as the "Notice on the Implementation of Several Recent Measures to Promote the Development of the Private Economy", the "Notice on Further Promoting Private Investment and Striving to Mobilize the Enthusiasm of Private Investment", and the "Notice on Strengthening Financial Support Measures to Help the Development and Growth of the Private Economy" have made precise efforts to solve problems for private enterprises and private entrepreneurs, so that they can let go of their hands and feet, travel lightly, and concentrate on development.

Various localities have also actively introduced policies and measures to help the development of private enterprises.

Specifically, most localities have focused on optimizing the environment for the development of the private economy, improving the legal guarantee, and promoting the healthy growth of the private economy.

For example, the "Several Measures to Promote the Development and Growth of the Private Economy" issued by Tianjin Municipality contains 29 measures in 7 aspects, involving continuous optimization of the environment for the development of the private economy, increasing policy support for the private economy, strengthening the legal guarantee for the development of the private economy, focusing on promoting the high-quality development of the private economy, promoting the healthy growth of people in the private economy, continuing to create a social atmosphere of caring for and promoting the development and growth of the private economy, and strengthening the organization and implementation.

The support measures for private enterprises introduced by Hunan Province also involve optimizing the development environment, strengthening the rule of law guarantee, strengthening the support of factors, promoting private investment, creating a good atmosphere and strengthening the implementation of work.

These support measures can not only reduce the operating costs of private enterprises and improve their profitability, but also enhance the market competitiveness of private enterprises and promote the innovation and development of enterprises. By helping private enterprises solve practical problems such as difficult financing, expensive financing and slow financing, the development stamina of enterprises will also be enhanced. Zhu Keli, executive director of the China Information Association and founding president of the National Research Institute of New Economy, said in an interview with a reporter from China Business Daily.

Focus on urgency, hardship and hope, and finance will benefit private enterprises.

At the end of June this year, the balance of inclusive small and micro loans was 277 trillion yuan, a year-on-year increase of 26%;The number of inclusive small and micro credit households was 59.35 million, a year-on-year increase of 133%;The weighted average interest rate of new inclusive small and micro enterprise loans issued in May was 457%, which is at a historically low level ......According to the data of the central bank, financial support for the development of the private economy has continued to increase, and has played a key role in promoting the high-quality development of private enterprises.

The Notice on Strengthening Financial Support Measures to Help the Development and Growth of the Private Economy clearly states that it is necessary to start from the characteristics of the financing needs of private enterprises and strive to smooth diversified financing channels such as credit, bonds, and equity.

In terms of financial support, Cong Liang, deputy director of the State Council, said at a press conference held by the State Council Information Office on September 4 that in terms of optimizing the financing support for private investment projects, it has given full play to the role of the investment and loan linkage mechanism established with seven banks, including the China Development Bank, the Industrial and Commercial Bank of China, and the CITIC Bank, and pushed the first batch of 715 private investment projects to the relevant banks.

Under the guidance of the policy, a number of large state-owned banks and joint-stock banks have formulated and introduced action plans to support the development of the private economy and private enterprises, giving "real gold" financial support.

For example, as of the end of July, the balance of loans to private enterprises of the Agricultural Bank of China exceeded 5 trillion yuan, an increase of more than 800 billion yuan from the beginning of the yearAs of the end of June, the balance of loans to private enterprises of Shanghai Rural Commercial Bank exceeded 300 billion yuan, and private enterprise loans accounted for more than 65% of the newly issued corporate loans.

In addition, in terms of tax cuts and fee reductions, private enterprises have also become the main beneficiaries.

According to the latest statistics from the State Administration of Taxation, from January to October this year, there were 1 new tax reductions and fee reductions and tax refunds and deferrals across the country66 trillion yuan. Among them, private economic taxpayers are the main beneficiaries of preferential tax policies, from January to October, the national private economic taxpayers added 12,385 tax reductions and fee reductions and tax refunds and deferrals600 million yuan, accounting for nearly 75%.

This shows that the policy objectives are clear and targeted, which is conducive to improving the business environment of private enterprises and enhancing their market competitiveness, thereby promoting the development of the private economy. Zhu Keli said.

Dong Ximiao, chief researcher of Zhaolian, believes that in the next step, measures should be taken to further solve the financing problems of private enterprises and create a better financial environment for the reform and development of private enterprises in the next step.

The development effect is highlighted, and the private enterprises have promoted the economic recovery.

With the implementation of a series of supporting policies and measures, the factors that promote the development of the private economy continue to accumulate, and the development of the private economy has generally shown a basic trend of steady progress and steady improvement, and the role of private enterprises in promoting economic recovery has been further demonstrated. The relevant person in charge of the National Private Economic Development Bureau said.

On the one hand, the contribution of the private economy to promoting foreign trade has been further highlighted. In the first 10 months of this year, the import and export of private enterprises denominated in RMB increased by 62%, 6 faster than the growth rate of total import and export2 percentage points, accounting for 53 percent of total imports and exports1%, an increase of 3 over the same period last year1 percentage point, becoming a prominent highlight of stabilizing foreign trade.

On the other hand, private investment in the secondary industry maintained a relatively rapid growth. After deducting real estate development investment, private investment grew rapidly, with a year-on-year increase of 91%。The balance of loans to privately held companies at the end of the third quarter was 413 trillion yuan, a year-on-year increase of 109%, an increase of 2 from the end of the previous year6 percentage points;At the end of September, the balance of inclusive small and micro loans increased by 24% year-on-year1%。

In addition, with the rebound of China's macroeconomic operation, the macro policy continues to be effective, and the operation of the private economy has shown new characteristics and bright spots.

First of all, the huge potential of private enterprises to take root and grow has been further released. The National Bureau of Statistics is oriented to 5According to the survey carried out by 90,000 small and micro enterprises, the production orders and operating conditions of private enterprises have generally improved, and the prosperity index has increased by 1 month-on-month5 percentage points. More and more private enterprises have grown from inconspicuous "small points" to "big guys" with big responsibilities, and about 30 private enterprises have entered the ranks of the world's top 500.

Secondly, the scientific and technological innovation capabilities of private enterprises have been further strengthened. According to statistics, private enterprises have contributed 65% of patents, more than 75% of technological innovation, and more than 80% of new product development, and the main position of innovation is becoming increasingly significant. The relevant person in charge of the National Private Economic Development Bureau said.

In order to better serve the private economy, the National Private Economic Development Bureau was established not long ago. As a specialized institution to promote the development and growth of the private economy, strengthen the overall planning and coordination of policies in relevant fields, and promote the early implementation and early effectiveness of various major measures.

Experts said that it is foreseeable that with the implementation of various policies and the establishment of full-time institutions, the vitality and endogenous power of private economic development will be further stimulated, and the development of private economy will usher in a broader stage and brighter prospects.

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