China targets high-quality development of private economy
2023-03-07 09:59:55 source：CGTN
March 6, 2023
As an important part of China's economic development, the private sector contributes over 60 percent of the gross domestic product (GDP), over 50 percent of the total tax revenue and over 80 percent of urban employment, besides more than 70 percent of technological innovations and 90 percent of market entities in China, according to the National Development and Reform Commission.
Chinese President Xi Jinping on Monday reaffirmed the country's support for the private sector and urged proper guidance for its healthy and high-quality development.
Xi made the remarks when visiting national political advisers from the China National Democratic Construction Association and the All-China Federation of Industry and Commerce, who are attending the first session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC).
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