For some time, some people in the society have published some remarks that negate and doubt the private economy. For example, some people have proposed the so-called “private economic departure theory”, saying that the private economy has completed its mission and has to withdraw from the historical stage; some people have proposed the so-called “new public-private partnership theory” to misinterpret the current mixed ownership reform into a new round. Public-private partnerships; some people say that strengthening party building and trade union work is to control private enterprises, and so on. These statements are completely wrong and do not conform to the party’s major policies.
Here, I want to stress once again that the status and role of the non-public economy in China’s economic and social development has not changed! We have not wavered in the policy of encouraging, supporting and guiding the development of the non-public economy. Our policy of creating a good environment and providing more opportunities for the development of the non-public economy has not changed! China’s basic economic system has been written into the Constitution and the Party Constitution. This will not change and it cannot be changed. Any words and deeds that negate, doubt, or shake China’s basic economic system are not in line with the party’s and the state’s principles and policies. Don’t listen, don’t believe! All private enterprises and private entrepreneurs can completely eat the heart and peace of mind to seek development!
In short, the basic economic system is a system that we must adhere to for a long time. The private economy is an intrinsic element of China’s economic system. Private enterprises and private entrepreneurs are our own people. The private economy is an important achievement in the development of the socialist market economy, an important force for promoting the development of the socialist market economy, an important subject for promoting structural reforms on the supply side, promoting high-quality development, and building a modern economic system. It is also the long-term governance of our party. Uniting and leading the people of the whole country to realize the “two hundred years” struggle goal and the important power of the Chinese nation’s great rejuvenation of the Chinese dream. In the new journey of building a well-off society in an all-round way and building a socialist modernized country in an all-round way, China’s private economy can only grow and not be weakened. It must not only “go away from the market” but also move toward a broader stage.
——Excerpt from Xi Jinping’s speech at the private enterprise symposium (November 1, 2018)