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BEIJING, April 23, 2023 /PRNewswire=KYODO JBN/ --

A meeting presided over by Chinese President Xi Jinping on Friday stressed the

principal role of enterprises in innovation and reaffirmed the government's

support for the private sector.

The first meeting of the commission for deepening overall reform of the 20th

CPC Central Committee was held in Beijing. Xi, also general secretary of the

Communist Party of China (CPC) Central Committee and chairman of the Central

Military Commission, delivered a speech at the meeting.

Greater support for enterprises' innovation

The meeting called for strengthening the principal position of enterprises in

sci-tech innovation, which it said is a crucial move to deepen structural

scientific and technological reform and achieve high-standard self-reliance and

strength in science and technology.

It noted that there should be greater support for enterprises' innovation with

a focus on national strategies and major demands of industrial development.

These points underpinned what was proposed in Xi's report to the 19th CPC

National Congress, which called for developing a market-oriented system for

technological innovation where enterprises are the main players and synergy is

created through the joint efforts of enterprises, universities and research

institutes.

In his report to the 20th CPC National Congress, Xi has once again stressed the

principal position of innovation in China's modernization drive.

Deepening reform of state-owned enterprises

Friday's meeting also stressed deepening the reform of state-owned enterprises

to build a management system of the state-owned economy with top-level

coordination, well-defined rights and obligations, efficient operation and

effective supervision.

China's reform of state-owned enterprises has entered a brand new phase after

the CPC Central Committee completed a series of major tasks since the 18th CPC

National Congress in 2012, including the recent conclusion of the three-year

project.

A document approved by the meeting has established the historical mission and

functional position of the state-owned economy in the new era, clarifying the

upcoming objectives for the reform of state-owned enterprises.

Energizing the private economy

Noting that the support for the private economy is a consistent principle of

the CPC Central Committee, the meeting pledged to optimize the private sector's

development environment, remove the institutional barriers that restrict the

fair participation of private enterprises in the market competition, and guide

private enterprises to find their right positioning in high-quality development

through their own reform and development, compliance operation, transformation

and upgrading.

It also approved documents on strengthening enterprises' principal position in

sci-tech innovation, as well as working rules for the central commission for

deepening overall reform and key tasks of the commission in 2023.

This was not the first time that private enterprises and high-quality

development were encouraged. During the Two Sessions, when Xi was visiting

members of the Chinese People's Political Consultative Conference (CPPCC), the

country's top political advisory body, he motivated private entrepreneurs to

"be bold and shake off the baggage."

https://news.cgtn.com/news/2023-04-22/China-stresses-innovation-reaffirms-support-for-private-sector-1jdmHw7my88/index.html

SOURCE:  CGTN