The private economy is a powerful force in advancing the modernization of China and an important foundation for high-quality development.

In the first half of this year, with strong policy support and the efforts of enterprises, the vast number of private enterprises have maintained their composure and strengthened their confidence, forging ahead with a spirit of perseverance and determination.

In the hot summer, the reporter went to Shandong, Fujian, Xinjiang and other places for first-line research, entering corporate laboratories, production workshops, and warehouse plants, touching the pulse of private enterprise development.

Pursuing \new\ and striving for \high\, the vitality of the private economy stands out.

\Since the beginning of this year, orders have been abundant, and the production line has been operating at full capacity,\ said Liu Qiang, deputy general manager of Longyan Yuheng Environmental Technology Co., Ltd. in Shanghang, Fujian, in the workshop. In the first half of 2025, the output value reached 18.747 million yuan, a year-on-year increase of 47.85%.

Now, the company is already planning its next step in development. Liu Qiang introduced that the company is continuously increasing investment, planning to rely on its own production of ammonium heptamolybdate within 2 years, and build a large-scale rhenium metal products production base through processes such as \reduction + powder metallurgy\.

Move towards \new\ and seek change with \new\. The reporter felt during the research that private enterprises, as an important force in China's scientific and technological innovation and industrial innovation, are constantly moving towards a higher level.

Currently, private enterprises contribute to more than 70% of technological innovation achievements, covering over 80% of the country's specialized, refined, and innovative \little giant\ enterprises and over 90% of the country's high-tech enterprises.

A series of data confirms the vitality of the development of the private economy: in the first half of the year, private investment in China's infrastructure grew by 9.5% year-on-year, and private investment in the manufacturing industry grew by 6.7% year-on-year; in the first five months of this year, the output value of small and medium-sized industrial enterprises above designated size grew by 8.0% year-on-year; the China Small and Medium Enterprise Development Index (SMEDI) for the first two quarters of this year was higher than the same period levels in 2023 and 2024...

Plan for the present, turning weaknesses into strengths; focus on the long term, compete for the high ground in industry and expand into new market spaces.

\In the first half of this year, even though the international trade environment is unpredictable, our products still have strong competitiveness,\ said Gao Yukun, Chairman of Qingdao Cixing New Materials Co., Ltd. The company has cracked technical difficulties through independent innovation and successfully entered the high-end industrial chain of global silicon nitride materials.

Now, the export proportion of the company's silicon nitride materials has reached 70%, all of which are high value-added exports. \The company will develop a new generation of technological products, continue to expand production capacity, and strive to enhance our ceramic technology to a world-class level while reducing costs,\ said Gao Yukun.

The export performance of private enterprises in the first half of this year is commendable, effectively promoting the stable and positive development of China's economy.

In the first half of 2025, private enterprises' import and export volume reached 12.48 trillion yuan, a year-on-year increase of 7.3%, accounting for 57.3% of China's foreign trade, up by 2.3 percentage points compared to the same period last year. Among them, exports grew by 6.6% year-on-year, accounting for 50% of China's total export volume, maintaining a year-on-year increase for 21 consecutive quarters, with a growth rate leading the overall foreign trade by 4.4 percentage points.

Policy efforts, multiple measures to promote development

At the beginning of this year, the arsenic yellow light chip project of JC E-Lighting Technology Co., Ltd. was officially put into production at its production base in Suqian, Jiangsu. The total investment of the project exceeded 1 billion yuan, and the company also completed the full-color layout of LED chips, further enhancing the company's technical advantages and market position.

\During the project construction process, Suqian Economic and Technological Development Zone has given us a lot of policy support, including tax reduction and exemption, policy consultation, financial docking, and other aspects, which has been very helpful,\ said Cao Yufei, director and deputy general manager of Jucan Optoelectronics.

Focus on breaking difficulties, unblocking congestion points, and treating pain points. This year, government departments at all levels have continued to strengthen policy supply around optimizing the environment, market expansion, and financing promotion.

In several key areas, the country has launched high-quality projects with a total investment scale of about 3 trillion yuan; 7 departments have jointly introduced 15 science and technology financial policy measures, providing full lifecycle and full-chain financial services for scientific and technological innovation; the new version of the negative list for market access has been unveiled, further relaxing market access restrictions; many places have issued implementation plans and action plans to promote the high-quality development of the private economy... A series of policies are precisely targeted, paving the way for the development of private enterprises.

Policy access to households, services to the doorstep. Delan Water Technology Co., Ltd. is a national-level key \little giant\ enterprise specializing in specialization and innovation. Not long ago, the tax service team from the State Taxation Administration Urumqi High-tech Zone (New City District) visited the company and brought along a \tax health physical examination report\.

\ report is 'tailor-made' for our company, with applicable tax incentives and methods of enjoyment for enterprises, which is of great help in organizing our financial accounts,\ said Li Qikun, the financial officer of the company.

The latest data from the State Taxation Administration shows that in the first five months of this year, the main policies supporting scientific and technological innovation and the development of the manufacturing industry have resulted in tax cuts, fee reductions, and tax refunds amounting to 636.1 billion yuan. Under the strong impetus of structural tax cuts and fee reductions, the high-quality development of China's scientific and technological innovation and manufacturing industry is accelerating.

On May 20th, China's first fundamental law specifically about the development of the private economy - the Private Economy Promotion Law, came into effect. It establishes and improves relevant institutional mechanisms around fair competition, investment and financing promotion, scientific and technological innovation, standardized operations, service guarantees, and rights protection, continuously optimizing a stable, fair, transparent, and predictable environment for the development of the private economy.

Rule of law as the foundation, policy support, and nourishing water.

Temasek's China Chairman Wu Yibing said that the current series of policy measures in China are systematic reform measures. These policies echo each other and complement each other, have been implemented and effective, and more effects will continue to be released.

Embrace the future, seize opportunities and move forward bravely.

Be bold in taking initiative, and you will embrace a broader space for development.

In the Changyang Technology solid-state battery functional film substrate and deep processing integrated project base in Hefei, Anhui, the busy workshop sees multiple automated production lines running at high speed. After a series of processing procedures, the separator raw material ultimately becomes rolls of thin film—this is a key core material for the production of power batteries.

\ company has spent over three years exclusively developing a new type of wet process separator, which has achieved breakthrough improvements in the cycle life, battery capacity, and operating temperature of solid-state and semi-solid-state batteries, with a very large market potential,\ said Jin Yadong, Chairman of Changyang Technology.

Place the pieces at the key points and strive to be the \trendsetter\. More private enterprises capture new trends in industrial development and seize the initiative in market competition.

\The company achieved good sales performance in the first half of this year, with export volume reaching 15 million US dollars, and we are still working overtime to deliver overseas orders,\ said Sun Chaoxia, deputy general manager of Shandong Qiyue Group Co., Ltd., a children's car manufacturing company. Since the beginning of this year, the company has increased its efforts to expand into overseas markets. Currently, the number of customers in Central and South America has increased from 3 last year to more than 10.

Sun Chaoxia said that the demand of the domestic large market also provides more opportunities for enterprises. The goal of the enterprise is to increase the domestic market sales proportion to 20% within the next 5 years.

New opportunities, new challenges, new spaces.

With \striving\ at the forefront and \action\ paving the way, a large number of Chinese private enterprises adhere to innovative development, continuously improving products and services, enhancing competitiveness, and exploring larger markets. In their efforts to achieve better growth, they add more new vitality to China's economic development.