A symposium on private enterprises, attended by China's top leaders, was held on Monday to boost private-sector sentiment, as the fast-growing sector has played a significant role in promoting technological innovations and stabilizing economic growth.

The private sector contributed 48.6 percent of foreign trade, 56.5 percent of fixed-asset investment, 59.6 percent of tax revenue, over 60 percent of GDP, over 70 percent of technological innovations and more than 80 percent of urban employment.

Chinese lawmakers are deliberating a draft of the country's first basic law specifically focused on private sector growth. The law will be of great significance for further optimizing the development environment for the private sector and driving high-quality growth.