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 enterprises to increase R&D investment, encourage them to achieve independent control in key core technologies, and lay a solid foundation for new quality productivity. In addition, it is necessary to promote the digital transformation of private enterprises, realize the integration of digital economy and real economy, optimize production processes, improve management efficiency, and promote the digital upgrade of industrial chain and supply chain through technologies such as big data and artificial intelligence, so as to expand the space of new quality productivity.

Going out to sea, from product output to ecological co-construction, private enterprises have entered a new stage of international competition. Under the guidance of the "Belt and Road" initiative, more and more private enterprises have gone abroad. Among the "new three" with strong exports, private enterprises contribute more than half. Among the world's top 500 companies, the number of private enterprises has increased from 28 in 2018 to 34. Whether it is the overseas layout of the manufacturing industry,

Whether it is the cross-border expansion of the service industry, private enterprises have demonstrated strong competitiveness. By participating in international competition, private enterprises can not only improve their own technical level and management capabilities, but also contribute to the development of national economic globalization. However, going overseas also faces many challenges. From cultural differences to policy barriers, from market risks to legal disputes, private enterprises need to continue to learn and adapt on the road to internationalization. In this regard, the government should strengthen relevant policy guidance and support to help private enterprises better cope with the uncertainties in international competition.

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Cultural Observation: Domestic games “break the circle” and help spread traditional culture

With the continuous development of China's game industry, domestic games have not only achieved great success in the domestic market, but also won widespread attention and praise internationally by incorporating rich traditional Chinese cultural elements.

Domestic games cleverly combine traditional cultural elements with modern game design. Traditional music, poetry, ink painting, martial arts, etc. are integrated into the game. This not only enriches the cultural connotation of the game, but also allows players around the world to enjoy the fun of the game and feel the breadth and depth of Chinese culture. According to statistics, in the past five years, the number of games containing traditional Chinese cultural elements has nearly tripled. A certain domestic game based on ancient mythology has attracted more than 50 million players worldwide.

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The development prospects of the private economy are broad and promising. It is the right time for private enterprises and private entrepreneurs to show their talents.

Ren Zhengfei, CEO of Huawei Technologies Co., Ltd., Wang Chuanfu, chairman of BYD Co., Ltd., Liu Yonghao, chairman of New Hope Holding Group Co., Ltd., Yu Renrong, chairman of Shanghai Weir Semiconductor Co., Ltd., Wang Xingxing, CEO of Hangzhou Yushu Technology Co., Ltd., Lei Jun, chairman of Xiaomi Technology Co., Ltd., and other six private enterprise representatives spoke successively, providing opinions and suggestions on promoting the development of the private economy under the new situation.

Private enterprises have flourished along with the great process of reform and opening up. Since the reform and opening up, my country's private economy has grown from small to large, from weak to strong, and has continued to grow and play an important role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihood. Our country's economic development can create the Chinese miracle, and the private economy plays an indispensable role. Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has attached great importance to the development of private enterprises and private economy.

A series of important expositions and important deployments were made on the healthy development and high-quality development of the private economy, pointing out the direction and injecting strong impetus for doing a good job in the private economy and promoting the development and growth of the private economy. After long-term development, the private economy has become a new force in promoting Chinese-style modernization, an indispensable and important foundation for high-quality development, and an irreplaceable and important force in promoting my country to comprehensively build a modern socialist country and achieve the second centenary goal.

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People’s livelihood protection is solid and powerful

2024 is a critical year for achieving the goals and tasks of the 14th Five-Year Plan. It is also a very unusual and extraordinary year in China’s economic development process. China's economy is riding the wind and waves and moving forward steadily along the track of high-quality development. The "stable" trend has been consolidated and continued, the pace of "advance" is solid and powerful, and the "new" momentum has gradually grown.

Residents' income has grown steadily. Stable economic performance and stable employment situation have driven residents' income to continue to increase. In 2024, the per capita disposable income of residents nationwide will be 41,314 yuan. The actual growth rate is in line with economic growth. Among them, per capita wage income and net operating income have nominal growth of 5.8% and 5.6% respectively, which are the main support for the increase in residents' income. The income of rural residents continues to grow faster than that of urban residents, and the relative income gap between urban and rural residents narrows. The ratio of per capita disposable income will drop from 2.39 in 2023 to 2.34 in 2024.

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Cultural Observation: Domestic games “break the circle” and help spread traditional culture

With the continuous development of China's game industry, domestic games have not only achieved great success in the domestic market, but also won widespread attention and praise internationally by incorporating rich traditional Chinese cultural elements.

Domestic games cleverly combine traditional cultural elements with modern game design. Traditional music, poetry, ink painting, martial arts, etc. are integrated into the game. This not only enriches the cultural connotation of the game, but also allows players around the world to enjoy the fun of the game and feel the breadth and depth of Chinese culture. According to statistics, in the past five years, the number of games containing traditional Chinese cultural elements has nearly tripled. A certain domestic game based on ancient mythology has attracted more than 50 million players worldwide.

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The development prospects of the private economy are broad and promising. It is the right time for private enterprises and private entrepreneurs to show their talents.

Ren Zhengfei, CEO of Huawei Technologies Co., Ltd., Wang Chuanfu, chairman of BYD Co., Ltd., Liu Yonghao, chairman of New Hope Holding Group Co., Ltd., Yu Renrong, chairman of Shanghai Weir Semiconductor Co., Ltd., Wang Xingxing, CEO of Hangzhou Yushu Technology Co., Ltd., Lei Jun, chairman of Xiaomi Technology Co., Ltd., and other six private enterprise representatives spoke successively, providing opinions and suggestions on promoting the development of the private economy under the new situation.

Private enterprises have flourished along with the great process of reform and opening up. Since the reform and opening up, my country's private economy has grown from small to large, from weak to strong, and has continued to grow and play an important role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihood. Our country's economic development can create the Chinese miracle, and the private economy plays an indispensable role. Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has attached great importance to the development of private enterprises and private economy.

A series of important expositions and important deployments were made on the healthy development and high-quality development of the private economy, pointing out the direction and injecting strong impetus for doing a good job in the private economy and promoting the development and growth of the private economy. After long-term development, the private economy has become a new force in promoting Chinese-style modernization, an indispensable and important foundation for high-quality development, and an irreplaceable and important force in promoting my country to comprehensively build a modern socialist country and achieve the second centenary goal.

[asfdasdassss]

The development prospects of the private economy are broad and promising. It is the right time for private enterprises and private entrepreneurs to show their talents.

Ren Zhengfei, CEO of Huawei Technologies Co., Ltd., Wang Chuanfu, chairman of BYD Co., Ltd., Liu Yonghao, chairman of New Hope Holding Group Co., Ltd., Yu Renrong, chairman of Shanghai Weir Semiconductor Co., Ltd., Wang Xingxing, CEO of Hangzhou Yushu Technology Co., Ltd., Lei Jun, chairman of Xiaomi Technology Co., Ltd., and other six private enterprise representatives spoke successively, providing opinions and suggestions on promoting the development of the private economy under the new situation.

Private enterprises have flourished along with the great process of reform and opening up. Since the reform and opening up, my country's private economy has grown from small to large, from weak to strong, and has continued to grow and play an important role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihood. Our country's economic development can create the Chinese miracle, and the private economy plays an indispensable role. Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has attached great importance to the development of private enterprises and private economy.

A series of important expositions and important deployments were made on the healthy development and high-quality development of the private economy, pointing out the direction and injecting strong impetus for doing a good job in the private economy and promoting the development and growth of the private economy. After long-term development, the private economy has become a new force in promoting Chinese-style modernization, an indispensable and important foundation for high-quality development, and an irreplaceable and important force in promoting my country to comprehensively build a modern socialist country and achieve the second centenary goal.

[asfdasdassss]

Cultural Observation: Domestic games “break the circle” and help spread traditional culture

With the continuous development of China's game industry, domestic games have not only achieved great success in the domestic market, but also won widespread attention and praise internationally by incorporating rich traditional Chinese cultural elements.

Domestic games cleverly combine traditional cultural elements with modern game design. Traditional music, poetry, ink painting, martial arts, etc. are integrated into the game. This not only enriches the cultural connotation of the game, but also allows players around the world to enjoy the fun of the game and feel the breadth and depth of Chinese culture. According to statistics, in the past five years, the number of games containing traditional Chinese cultural elements has nearly tripled. A certain domestic game based on ancient mythology has attracted more than 50 million players worldwide.

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People’s livelihood protection is solid and powerful—China Economic Observation in 2024

Chinese-style modernization puts people’s livelihood first.

General Secretary Xi Jinping profoundly pointed out: "We must effectively protect and improve people's livelihood, do our best and within our capabilities, do more practical things that satisfy public opinion, benefit people's livelihood, and warm people's hearts, and solidly solve the urgent, difficult and anxious problems of the people."

The "Decision" of the Third Plenary Session of the 20th Central Committee of the Communist Party of China stated that ensuring and improving people's livelihood during development is a major task of Chinese-style modernization. We must persist in doing our best and within our capabilities, improve the basic public service system, strengthen the universal, basic and comprehensive people's livelihood construction, solve the most direct and practical interest issues that the people are most concerned about, and constantly satisfy the people's yearning for a better life.

The Political Bureau meeting of the CPC Central Committee held on December 9 proposed that efforts should be made to increase the protection and improvement of people's livelihood and enhance the people's sense of gain, happiness and security. In 2024, all regions and departments will adhere to the people-centered approach, promote reforms that continuously comply with people's expectations and meet the needs of the masses, take more warm and effective measures, promote high-quality and full employment, improve the social security system, improve the supply of public services, ensure, ensure and secure the bottom line of people's livelihood, and continuously enhance the people's sense of gain, happiness and security.

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People’s livelihood protection is solid and powerful

2024 is a critical year for achieving the goals and tasks of the 14th Five-Year Plan. It is also a very unusual and extraordinary year in China’s economic development process. China's economy is riding the wind and waves and moving forward steadily along the track of high-quality development. The "stable" trend has been consolidated and continued, the pace of "advance" is solid and powerful, and the "new" momentum has gradually grown.

Residents' income has grown steadily. Stable economic performance and stable employment situation have driven residents' income to continue to increase. In 2024, the per capita disposable income of residents nationwide will be 41,314 yuan. The actual growth rate is in line with economic growth. Among them, per capita wage income and net operating income have nominal growth of 5.8% and 5.6% respectively, which are the main support for the increase in residents' income. The income of rural residents continues to grow faster than that of urban residents, and the relative income gap between urban and rural residents narrows. The ratio of per capita disposable income will drop from 2.39 in 2023 to 2.34 in 2024.

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Member Zhang Yi: The development prospects of the private economy are broad and promising

In the early spring of 2025, the convening of the private enterprise symposium stirred up the enthusiasm of thousands of private entrepreneurs. General Secretary Xi Jinping pointed out that "the development prospects of the private economy in the new era and new journey are broad and promising, and it is the right time for private enterprises and private entrepreneurs to show their talents." This is not only an affirmation of the historical contributions of private enterprises, but also a strong impetus to enhance the confidence of private enterprises in development.

In recent years, a number of policy documents have been issued, including the "Opinions of the CPC Central Committee and the State Council on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises" and the "Opinions of the CPC Central Committee and the State Council on Promoting the Development and Growth of the Private Economy". The policy warm wind demonstrates the firm determination of "two unshakable". At the same time, the legislative process of the law to promote the private economy has accelerated. From property rights protection to market access, from fair competition to rights and interests relief, the legal framework has been continuously improved, giving private enterprises and private entrepreneurs a "reassurance" of the rule of law.

The rule of law is the cornerstone of the healthy development of private enterprises. General Secretary Xi Jinping emphasized that "we must resolutely remove all obstacles to the equal use of production factors and fair participation in market competition in accordance with the law." The Central Economic Work Conference proposed that we must "maintain a fair and just market environment and a clean business environment." This has greatly boosted the confidence of private entrepreneurs. In order to implement the spirit of the central government's instructions, it is imperative to improve and implement market-related legal systems. The revision of the "Anti-Unfair Competition Law of the People's Republic of China" should be completed as soon as possible, and the Anti-Monopoly Law, Anti-Unfair Competition Law, Price Law and "National Unified Market Construction Guidelines (Trial)" and other laws and regulations should be strictly enforced to strengthen the rigid constraints of fair competition review and law enforcement supervision;

Market supervision departments should strengthen law enforcement supervision and compliance guidance in an orderly manner for key industries and fields, effectively strengthen accountability for major illegal acts of business entities, and light up the light of the rule of law for private enterprises to set sail.

Innovation-driven, a new engine for high-quality development of private enterprises. At present, a new round of scientific and technological revolution is reshaping the global economic landscape, and private enterprises have become an important force in cultivating new quality productivity. We must give full play to the important role of private enterprises in the transformation of scientific and technological achievements and industrial upgrading. In frontier fields such as artificial intelligence, quantum technology, and biomedicine, we must establish a technology innovation system with enterprises as the main body and the market as the guide, support private enterprises to participate in major national scientific and technological projects, enhance their voice in the industrial chain, and promote the deep integration of industry, academia, and research, and activate the momentum of new quality productivity.

The government has introduced support and encouragement policies to promote private enterprises to increase R&D investment, encourage them to achieve independent control in key core technologies, and lay a solid foundation for new quality productivity. In addition, it is necessary to promote the digital transformation of private enterprises, realize the integration of digital economy and real economy, optimize production processes, improve management efficiency, and promote the digital upgrade of industrial chain and supply chain through technologies such as big data and artificial intelligence, so as to expand the space of new quality productivity.

Going out to sea, from product output to ecological co-construction, private enterprises have entered a new stage of international competition. Under the guidance of the "Belt and Road" initiative, more and more private enterprises have gone abroad. Among the "new three" with strong exports, private enterprises contribute more than half. Among the world's top 500 companies, the number of private enterprises has increased from 28 in 2018 to 34. Whether it is the overseas layout of the manufacturing industry,

Whether it is the cross-border expansion of the service industry, private enterprises have demonstrated strong competitiveness. By participating in international competition, private enterprises can not only improve their own technical level and management capabilities, but also contribute to the development of national economic globalization. However, going overseas also faces many challenges. From cultural differences to policy barriers, from market risks to legal disputes, private enterprises need to continue to learn and adapt on the road to internationalization. In this regard, the government should strengthen relevant policy guidance and support to help private enterprises better cope with the uncertainties in international competition.

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People's Daily commentator: With firm confidence, the private economy has broad prospects for development and great potential - On studying and implementing General Secretary Xi Jinping's important speech at the symposium on private enterprises

"In the new era and new journey, the development prospects of the private economy are broad and promising." At a symposium on private enterprises held recently, General Secretary Xi Jinping made an in-depth analysis of the opportunities and challenges currently facing the development of the private economy from the perspective of the overall situation of China's modernization construction, and deeply encouraged private enterprises and private entrepreneurs to "see the future, the light and the future in the face of difficulties and challenges, maintain development determination, enhance development confidence, and maintain the spirit of hard work and winning."

The private economy is an important part of the national economy. Supporting the development of the private economy is a consistent policy of the Party Central Committee, and promoting the development and growth of the private economy is a long-term strategy. Since the 18th National Congress of the Communist Party of my country, one of the important aspects of the rapid progress of China's private economy is that it has always adhered to the "two unshakable" principles, ensuring that all types of ownership economies use production factors equally in accordance with the law, participate in market competition fairly, and are equally protected by law, creating good conditions and opening up broad space for the development and growth of the private economy. At present, China's modernization construction has unfolded a magnificent picture and presented an extremely bright prospect. my country's private economy can only grow, not weaken. We have the confidence and ability to maintain sustained and healthy economic development and promote the high-quality development of the private economy to a new level.

Looking at the development foundation, my country's private economy has now formed a considerable scale and occupies a heavy weight, and there is a solid foundation for promoting the high-quality development of the private economy. In terms of scale and quantity, the number of registered private enterprises nationwide exceeds 55 million, and private enterprises account for more than 92% of the total number of enterprises. In terms of innovation capabilities, the private economy has contributed more than 70% of technological innovation results and has become an important subject of scientific and technological innovation in my country. From the domestic AI large model empowering the industrial chain to the humanoid robot stunning the world, it all proves that the scale, strength, innovation level and market competitiveness of the private economy have been greatly improved. As a new force in promoting Chinese-style modernization, private enterprises will surely play their strengths and prepare to set sail in achieving high-level scientific and technological self-reliance and promoting high-quality development.

Looking at the development stage, the development of my country's private economy is welcoming new opportunities and greater development space. Take the super-large market with a population of more than 1.4 billion as an example. With the implementation of the "two new" policies, "potential consumption" and "effective investment" will be further stimulated, driving the rapid growth of machinery and equipment, new energy vehicles, home appliances, retail and other industries. In the new era and new journey, my country's social productivity will continue to leap, people's living standards will steadily improve, and reform and opening up will be further deepened in an all-round way. These all contain huge development potential. By making full use of the advantages of a large number of talents and labor resources with excellent quality, and a complete supporting industrial system and infrastructure system, and seizing the opportunities of industrial and consumption upgrades, the private economy will be able to move towards a broader world.

Looking at development guarantees, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy" issued in 2023 covers aspects such as continuing to optimize the development environment of the private economy, increasing policy support for the private economy, and strengthening legal protection for the development of the private economy. Since last year, various reform measures deployed by the Third Plenary Session of the 20th Central Committee of the Communist Party of China are being implemented, from improving the long-term mechanism for private enterprises to participate in the construction of major national projects, improving financing support policies and systems for private enterprises, standardizing enterprise-related administrative inspections, and accelerating the legislative process of the Private Economy Promotion Law. The socialist system with Chinese characteristics has significant advantages in many aspects. The continuous improvement and improvement of the socialist market economic system and the socialist legal system with Chinese characteristics will provide a stronger guarantee for the development of the private economy.

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Member Zhang Yi: The development prospects of the private economy are broad and promising

In the early spring of 2025, the convening of the private enterprise symposium stirred up the enthusiasm of thousands of private entrepreneurs. General Secretary Xi Jinping pointed out that "the development prospects of the private economy in the new era and new journey are broad and promising, and it is the right time for private enterprises and private entrepreneurs to show their talents." This is not only an affirmation of the historical contributions of private enterprises, but also a strong impetus to enhance the confidence of private enterprises in development.

In recent years, a number of policy documents have been issued, including the "Opinions of the CPC Central Committee and the State Council on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises" and the "Opinions of the CPC Central Committee and the State Council on Promoting the Development and Growth of the Private Economy". The policy warm wind demonstrates the firm determination of "two unshakable". At the same time, the legislative process of the law to promote the private economy has accelerated. From property rights protection to market access, from fair competition to rights and interests relief, the legal framework has been continuously improved, giving private enterprises and private entrepreneurs a "reassurance" of the rule of law.

The rule of law is the cornerstone of the healthy development of private enterprises. General Secretary Xi Jinping emphasized that "we must resolutely remove all obstacles to the equal use of production factors and fair participation in market competition in accordance with the law." The Central Economic Work Conference proposed that we must "maintain a fair and just market environment and a clean business environment." This has greatly boosted the confidence of private entrepreneurs. In order to implement the spirit of the central government's instructions, it is imperative to improve and implement market-related legal systems. The revision of the "Anti-Unfair Competition Law of the People's Republic of China" should be completed as soon as possible, and the Anti-Monopoly Law, Anti-Unfair Competition Law, Price Law and "National Unified Market Construction Guidelines (Trial)" and other laws and regulations should be strictly enforced to strengthen the rigid constraints of fair competition review and law enforcement supervision;

Market supervision departments should strengthen law enforcement supervision and compliance guidance in an orderly manner for key industries and fields, effectively strengthen accountability for major illegal acts of business entities, and light up the light of the rule of law for private enterprises to set sail.

Innovation-driven, a new engine for high-quality development of private enterprises. At present, a new round of scientific and technological revolution is reshaping the global economic landscape, and private enterprises have become an important force in cultivating new quality productivity. We must give full play to the important role of private enterprises in the transformation of scientific and technological achievements and industrial upgrading. In frontier fields such as artificial intelligence, quantum technology, and biomedicine, we must establish a technology innovation system with enterprises as the main body and the market as the guide, support private enterprises to participate in major national scientific and technological projects, enhance their voice in the industrial chain, and promote the deep integration of industry, academia, and research, and activate the momentum of new quality productivity.

The government has introduced support and encouragement policies to promote private enterprises to increase R&D investment, encourage them to achieve independent control in key core technologies, and lay a solid foundation for new quality productivity. In addition, it is necessary to promote the digital transformation of private enterprises, realize the integration of digital economy and real economy, optimize production processes, improve management efficiency, and promote the digital upgrade of industrial chain and supply chain through technologies such as big data and artificial intelligence, so as to expand the space of new quality productivity.

Going out to sea, from product output to ecological co-construction, private enterprises have entered a new stage of international competition. Under the guidance of the "Belt and Road" initiative, more and more private enterprises have gone abroad. Among the "new three" with strong exports, private enterprises contribute more than half. Among the world's top 500 companies, the number of private enterprises has increased from 28 in 2018 to 34. Whether it is the overseas layout of the manufacturing industry,

Whether it is the cross-border expansion of the service industry, private enterprises have demonstrated strong competitiveness. By participating in international competition, private enterprises can not only improve their own technical level and management capabilities, but also contribute to the development of national economic globalization. However, going overseas also faces many challenges. From cultural differences to policy barriers, from market risks to legal disputes, private enterprises need to continue to learn and adapt on the road to internationalization. In this regard, the government should strengthen relevant policy guidance and support to help private enterprises better cope with the uncertainties in international competition.

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DeepSeek: Ignite a new engine for China's technological innovation

On the morning of February 27, the "Sanming Youth Talk" jointly organized by the Sanming Municipal Committee of the Communist Youth League, the Sanming Branch of Industrial Bank, the Sanming Branch of Industrial Securities, etc. was held at the Sanming Branch of Industrial Bank. The theme of this event was "Learning and exploring DeepSeek technology to empower youth technological innovation". It attracted more than 60 people from the Municipal Youth League Committee, young entrepreneurs, the Municipal Youth League Working Committee, and some league members and youth representatives to participate in the event.

At the beginning of the event, Zhou Luyun, a senior researcher of the overseas TMT industry at the Industrial Securities Economic and Financial Research Institute, delivered a keynote speech entitled "Revaluation of China's Technology Assets - DeepSeek's Reshaping of China's Cloud Service Ecosystem". He made an in-depth analysis of the current situation and future trends of China's cloud market, and vividly explained how DeepSeek technology can reshape China's cloud service ecosystem. He interpreted industry trends through detailed data and cases, and actively interacted with young people on site, patiently answering questions raised by everyone on talent training and how to make full use of deepseek to improve efficiency.

In the financial product introduction session of the event, Qin Hong, a financial commissioner of the Industrial Bank Sanming Branch, introduced a number of featured financial products in detail, including "Industrial Bank Inclusive Loan", "Small and Micro Online Financing Products", "Personal Business Loan" and "Personal Xingshan Loan". She combined specific cases and explained in depth the advantages of these products in supporting small and micro enterprises, optimizing personal business financing and improving the efficiency of financial services, providing more practical financial solutions and investment references for participants.

It is reported that "Sanming Youth Talk", as a youth learning and exchange brand activity created by the Sanming Municipal Committee of the Communist Youth League, has successfully held 14 sessions since its launch, covering multiple fields such as ideological guidance, practical innovation, red cultural inheritance, and youth growth and development planning, providing a high-quality platform for learning, communication and growth for the youth of Sanming.

In the future, the Industrial Bank Sanming Branch will continue to work with all sectors of society to actively promote exchanges and cooperation in the field of youth scientific and technological innovation, provide more opportunities for young people to learn and practice, and contribute to the construction of a strong country.