In 2023, China will open a new chapter, and the private economy will become the protagonist

Mondo Finance Updated on 2024-01-19

Since January 1, 2023, China has entered a new chapter of the era. In this chapter, the status of private enterprises has been given unprecedented importance. It can be said that without the private economy, there would be no progress and development of contemporary science and technology, let alone the great revival of the manufacturing industry.

BYD, a private enterprise that has emerged in China and even the world, has made remarkable achievements in the field of new energy vehicles in just 20 years. Its success is not accidental, but it is unique in the global market thanks to its unique entrepreneurial spirit and fearless spirit of innovation.

Another private enterprise worth mentioning is CATL's battery business. With 35% of the global market share and 100% of the innovation power of private enterprises, CATL has promoted the development of the global battery industry and become a leader in the industry. They have set a new benchmark for the global battery industry with their superior quality, battery energy and safety.

At the factory in Ningde, Fujian Province, although it is located in a ravine, it is isolated from the world, but at 10 o'clock in the evening, the lights are brilliant, and all the R&D personnel are still working overtime to improve quality, battery energy, safety and other aspects. This is the power of private enterprises, they promote the development of science and technology with perseverance and fearless exploration.

Looking at DJI drones in Shenzhen, its market share accounts for 90% of the world's total, and even art workers use DJI drones. DJI's success is not accidental, but stems from their spirit of innovation and excellence. Their drones have strong stability, strong endurance, and high shooting clarity, all of which are obtained through bit by bit innovation.

The innovation of the private economy has driven a significant increase in the manufacturing industry, which has become an important feature of China in the past two or three decades. Today, China's photovoltaic industry, energy storage and automobile manufacturing are dominated by private enterprises. This fully shows the important contribution of private enterprises to the development of science and technology. Although state-owned enterprises are strong, they may not be able to keep up with the pace of scientific and technological development. In this era of rapid technological change, only enterprises that truly master science and technology can grasp the economic lifeline of the country. In this new chapter of the era, China has begun to vigorously develop private enterprises, which is to meet the needs of the scientific and technological era, but also to promote the sustainable development of the entire national economy. We firmly believe that full market competition and the mobilization of private innovation are the principles that we must adhere to in our progress. Therefore, we look forward to more surprises and breakthroughs from China's private enterprises in the future, and we believe that China's private enterprises will continue to move forward on the road in the future and contribute more to China's economic development

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