Nourishing entrepreneurs key to strengthening private economy

The top authorities recently pointed out that China should make greater efforts to build world-class enterprises, treasure excellent entrepreneurs, and foster its craftsmen as a manufacturing power.

As an important force for economic development, entrepreneurs play a key role in China's innovation thanks to their entrepreneurship and creativity, and the country's high-quality development could not have been achieved without their contribution.

To build world-class enterprises, the whole society needs to value excellent entrepreneurs so that they can play a more active role in innovation and development. This calls for creating a favorable environment in which entrepreneurs are respected and supported, encouraging them to work hard, make innovations and reward society.

To achieve this, the country should implement a series of policies and measures, including tax and fee cuts, financing support, and import and export facilitation.

The cultivation of China's own craftsmen as a manufacturing power remains an inalienable part of its efforts to build world-class enterprises. As a social group with superb skills as well as top talents from all walks of life, craftsmen have exquisite skills and creativity, and serve as an important force to promote the transformation from "made in China" to "created in China", from Chinese speed to Chinese quality, and from Chinese products to Chinese brands.

Strengthening the cultivation of its craftsmen can not only promote economic development and improve people's living standards, but also accelerate the transformation and upgrading of China's manufacturing, promote the development of the high-end industries and enhance China's position in the global industrial chain.

China should cultivate a group of industrial workers with superb skills to improve the core competitiveness of its manufacturing, and promote the high-quality development of the sector. It should step up technological research and transformation, and accelerate the high-end, intelligent and green development of the traditional manufacturing industries so as to move them up the global industry and value chains.

To this end, the country should foster and improve a market-oriented and law-based business environment and make continuous efforts for its optimization. It should continue to deepen reform, focus on improving the environment for the development of the market economy and private enterprises, and stimulate the entrepreneurial spirit to promote the development and growth of the private sector.