it is an important content of the annual central economic work conference to summarize the important experience in economic work in a timely manner and deepen the understanding of the laws of economic work. "adhere to and improve the basic socialist economic system, adhere to the direction of socialist market economy reform, adhere to the 'two unswerving'." this year's year-end review of the chinese economy is full of profound inspirations from the decade of development in the new era.
the basic socialist economic system is an important pillar of the socialist system with chinese characteristics. since the reform and opening up, "public ownership as the mainstay and diverse forms of ownership develop together" has been generalized as the connotation of the basic economic system in the primary stage of socialism. based on the new practice and development needs, the fourth plenary session of the 19th cpc central committee has made a new generalization, with public ownership as the mainstay, diverse forms of ownership developing together, distribution according to work as the mainstay and multiple forms of distribution coexisting. the socialist market economy has been included in the basic socialist economic system, and our party's position and view on improving the basic socialist economic system is clear and consistent.
however, for some time now, the government has been misinterpreting the original intention of the policy, confusing the market environment, business management, and the influence of policy on market entities, and there has been a lot of inaccurate discussion, questioning, and even distortion of the policy. in this regard, we have a firm and unequivocal attitude. we have adopted regular understanding and made scientific and systematic arrangements, responding to public concerns and building broad consensus, which will help stabilize expectations and boost confidence.
the cpc central committee and the state council have introduced a series of major measures to encourage, support and guide the development of the private economy. various regions and departments have detailed and quantified policies and measures, and formulated related supporting measures to promote the implementation, refinement and implementation of policies. our public sector of the economy is growing stronger, the non-public sector of the economy has been making important contributions. over the past decade, the private sector's share of gdp has risen from 50 percent to over 60 percent, tax revenue has contributed over 50 percent, technological innovation and new product research and development have accounted for over 70 percent, and urban jobs have contributed over 80 percent.
to embark on a new journey full of glory and dreams and to paint a beautiful picture of chinese-style modernization, we cannot do without the support and guarantee of the basic socialist economic system and the vitality and creativity of market entities. "uphold and improve the basic socialist economic system, unswervingly consolidate and develop the public sector of the economy, and unswervingly encourage, support and guide the development of the non-public sector of the economy." this is a decision made at the party's 20th national congress. "we should reduce the requirement of equal treatment of state-owned and private enterprises from the institutional and legal aspects, and encourage and support the development and growth of the private economy and private enterprises from the policy and public opinion." this is the clear requirement of the central economic work conference. all these show that there is a solid political guarantee for encouraging, supporting and guiding the development of the non-public sector of the economy and that the private sector has a broad prospect and promising future on the new journey of comprehensively building a modern socialist country.
"much can be done" to "much can be done", the government and the market need to work together. given the current impact of the epidemic and the deteriorating external economic environment, many private enterprises, especially micro, small and medium-sized enterprises, face difficulties in production and operation, weak development expectations and low confidence. in response to changes in short - and medium-term market factors, governments at all levels should study and judge the economic situation scientifically, improve relevant policies in time, and ensure that the benefits of the pro-enterprise policy reach market players faster and better. from the perspective of enterprises, no matter state-owned enterprises or private enterprises, they should adjust their development strategies according to the time and situation, and defuse relevant risks. taking a long-term view, the government should focus on creating a sound business environment.
the trumpet has sounded. in upholding and improving the basic socialist economic system and upholding the "two unwavering principles", we have created a great miracle of our times in reform, opening up and socialist modernization. with confidence and perseverance, we will continue to write a new chapter in chinese-style modernization.
source: state-owned assets supervision and administration commission of the state council