国内英语资讯:Xi stresses unswerving support for development of private enterprises_时事

国内英语资讯:Xi stresses unswerving support for development of private enterprises

"Those are all inevitable issues in the course of progress. We must see the favorable conditions and have full confidence in the country's economic development," Xi said.

Noting the country's strength in areas including a huge market and relatively low labor cost, Xi said that the fundamentals of the Chinese economy remain healthy and stable, the conditions for factors of production to support high-quality development have not changed and the long-term trend of steady growth with a sound momentum has not changed.

"We have the strong leadership of the CPC, the political advantage of pooling resources to solve major problems, new sources of development from deepening overall reforms and the continuously growing capabilities of macroeconomic regulation," Xi said.

As long as the country maintains its strategic resolve, upholds the underlying principle of pursuing progress while ensuring stability, takes the supply-side structural reform as the main task and further pushes reform and opening up in all fronts, the country will speed up the transition to the track of high-quality development and embrace brighter growth prospects, Xi said.

Xi demanded the implementation of policies and measures in six aspects to create a better environment for the development of private enterprises and address their difficulties.

First, the burden of taxes and fees on the companies should be eased. Substantial tax cuts including the reduction of value-added taxes should be advanced, while tax exemptions can be provided for micro and small firms as well as technology startups. The nominal rates for social security contributions should be lowered in accordance with actual conditions.