The production and operation of private enterprises in China continue to improve, and China will continue to promote a healthy and high-quality development of the private sector, Sheng Laiyun, deputy director of the National Bureau of Statistics (NBS) said on Wednesday.
The production and operation of private enterprises continue to improve. In the first quarter, among industrial firms above designated size, the added value of private enterprises increased by 7.3 percent year-on-year, which was higher than the growth rate of the whole year last year and faster than the growth rate of all industrial enterprises above designated size, Sheng said.
A series of policy measures have created a fair business environment for private investment.
Private investment has turned from a decline in the whole of last year to growth in the first quarter this year, with a year-on-year growth of 0.4 percent in the first quarter. Among them, private investment in manufacturing in the first quarter increased by 9.7 percent and private investment in infrastructure investment increased by 9.3 percent, both of which were faster than the average growth rate of their respective fields.
In terms of imports and exports, the import and export volume of private enterprises in the first quarter grew by 5.8 percent year-on-year, faster than the growth rate of all imports and exports, the official said.
Private enterprises are the most dynamic group, especially in innovation, Sheng noted.
Since the beginning of this year, scientific and technological innovation achievements by private enterprises have welled up. From generative artificial intelligence (AI) to AI robots, to civil aviation and quantum information, the private economy has shown strong innovation vitality, potential and market competitiveness.
"We will implement a series of policies to promote the development of the private economy in a down-to-earth manner, continuously optimize the business environment, strengthen financial support, and strengthen legal protection to promote the healthy and high-quality development of the private economy," Sheng said.
Official data from China's General Administration of Customs showed that in the first quarter of this year, private enterprises' import and export of high-tech products hit a record high, reaching nearly 1 trillion yuan and maintaining the largest import and export status.
Among them, the export of industrial robots increased by 67.4 percent, and high-end machine tools increased by 16.4 percent; imports of high-end equipment increased by 25.6 percent, and surgical robots increased by 47.5 percent.
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