Symposium on private sector: Key trends for China's private enterprises

Chinese policymakers are sending a clear and decisive signal – private enterprises will be significant in China's future growth, with stable and consistent policy support. Xiao Geng, director of the Institute of Policy and Practice at the Chinese University of Hong Kong, Shenzhen, believes President Xi Jinping is encouraging private companies across all sectors, acknowledging their role in driving innovation, profits and social stability. The government is also guiding businesses to diversify internationally, particularly in regional markets such as the Hong Kong Special Administrative Region, ASEAN and the Middle East, reducing reliance on the U.S. market. This marks a pivotal step in China's economic strategy, reinforcing the resilience of its private sector.