(Year-end Feature) China's Private Economy 2021: Overcome Difficulties and Improve Quality and Increase Confidence
China News Service, Beijing, December 27
China News Agency reporter Wang Jiexian and Liu Dawei
In 2021, facts once again proved the resilience of China's private economy.
When the internal and external environment of China's development undergoes profound changes, the private economy faces many challenges.
But excellent companies have always faced difficulties, and difficulties are often the driving force for development.
This year, China's private economy has overcome difficulties, upgraded quality and strengthened confidence in a down-to-earth manner.
Overcome Difficulties: All parties work together to show resilience
In 2021, China's private enterprises are faced with repeated epidemics and rising raw material prices. Some enterprises are also facing rising operating costs, increasing accounts receivable, and financing difficulties.
Chinese private enterprises have always had the courage to overcome difficulties with vitality and resilience.
In the field of foreign trade where private enterprises are concentrated, some enterprises have flexibly responded to adjustments in response to new business models and new models ranging from offline to online, from companies to consumers.
Data show that in the first 11 months of this year, the total import and export volume of private enterprises was 17.15 trillion yuan (RMB, the same below), an increase of 27.8% year-on-year, accounting for 48.5% of China's total foreign trade value, an increase of 2.2% year-on-year.
"When you are a business, you must prepare for the worst, and you need more surplus. You have food in your hands and don't panic in your heart." said Wang Junjin, chairman of Shanghai June Yao Group.
The global civil aviation industry has been greatly impacted by the epidemic, but JuneYao Group’s aviation sector has achieved positive operating cash flow. It has jointly developed air-ground interconnection services with China Eastern Airlines Group and China Telecom, and will subsequently achieve Internet coverage in Juneyao Airlines and China Eastern Airlines’ aircraft. .
In the face of difficulties and challenges, the Chinese government has also introduced a series of policies and measures from market access, business environment, tax reduction and fee reduction, and financing support to continuously support the development of the private economy.
In Zhejiang, the local VAT threshold for small-scale taxpayers has been increased from monthly sales of 100,000 yuan to 150,000 yuan, and the actual tax burden of small and micro enterprises with annual taxable income of less than 1 million yuan has been reduced from 5% to 2.5% .
According to the person in charge of the beneficiary company Lishui Huafei Construction Company, the company's sales revenue in 2020 will be 4.5126 million yuan, which will save a lot of value-added tax after the reduction.
Quality improvement: adapt to new development requirements
"Transformation and upgrading is the only way for private enterprises. We must promote social transformation. From the primary to the middle-to-high level, it can also be understood as a content of deepening reform. This transformation is to transform our current situation to a more advanced industry." Cao Dewang, chairman of Yao Group, said in a meeting in November.
Facing the difficulties and working hard, private enterprises realize that only by upgrading and upgrading can they have a future.
In Quanzhou, the "large private economy city in China", many private enterprises are aiming at new engines for technological innovation and development.
Anta Group, a well-known local company, has increased the proportion of R&D investment in total revenue to 2.2% of the industry's high level. Over the years, it has applied for more than 1,400 innovation patents.
Anta brand vice president Zhu Chenye said that in the next five years, Anta also plans to invest more than 4 billion yuan to strengthen its core capabilities in technological innovation.
Li Yiping, an economics professor at Renmin University of China, analyzed in an interview with a reporter from China News Agency that the difficulties under the epidemic exist objectively, and the Chinese economy as a whole has entered a new stage of development. The private economy must adapt to the environment and face challenges, turn crises into opportunities, and discard the old pattern. Old thinking to achieve high-quality development.
High-quality development is inseparable from a good market environment.
This year, relevant departments have introduced regulatory measures for illegal capital expansion, monopoly, and other illegal activities. The development of certain types of enterprises such as the Internet and education platforms has been affected.
In this regard, public opinion generally believes that strong supervision and anti-monopoly are not anti-innovation, let alone anti-development, but to allow more enterprises to participate in entrepreneurship and innovation, and ultimately to achieve high-quality economic development and people's high-quality life.
In the long run, private enterprises will benefit from strengthening effective supervision of capital in accordance with the law.
Credit enhancement: firmly adhere to the "two unshakable"
General Secretary Xi Jinping pointed out during an inspection tour in Guangxi in April that we encourage the development of private enterprises. The party and the state provide support when private enterprises encounter difficulties and provide guidance when they encounter difficulties. We hope that private enterprises can develop boldly with confidence.
As we all know, since the reform and opening up, China's private enterprises and the private economy have continued to grow and develop. They have played an irreplaceable role in promoting development, improving people's livelihood, promoting innovation, deepening reform, and expanding opening up. They have resonated with the Chinese economy.
The more we face risks and challenges, the more we must see the situation and strengthen our confidence. China will unswervingly consolidate and develop the public sector of the economy, and will unswervingly encourage, support, and guide the development of the non-public sector of the economy.
The facts have also been confirmed.
According to the "2021 China Top 500 Private Enterprises Survey and Analysis Report" issued by the All-China Federation of Industry and Commerce in September, the overall scale of China's top 500 private enterprises has further increased. In 2021, the threshold for the top 500 private enterprises will reach 23.501 billion yuan, compared with 20.204 billion yuan in 2020. An increase of 3.297 billion yuan.
In the eyes of industry insiders, Chinese private entrepreneurs in the new era are more confident than ever, and take the initiative to assume the historical responsibility of common prosperity.
"High-quality development and common prosperity have become the two keywords of current economic development, and they have become a new topic for corporate development." said Ding Zuohong, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of the board of directors of Yuexing Group.
The "14th Five-Year Plan" adopted this year proposes to optimize the development environment of private enterprises and promote the high-quality development of private enterprises.
According to market expectations, the prospects for China's private economy are very broad.
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