Xi Jinping: Speech at the Symposium on Private Enterprises
China’s non-public sector of the economy has developed since the launch of reform and opening-up, guided by the Party’s principles and policies. The basic economic system—under which public ownership plays the dominant role while diverse forms of ownership develop together—is an important component of the socialist system with Chinese characteristics and a necessary requirement for improving the socialist market economy. Following the Third Plenary Session of the 11th CPC Central Committee, our Party broke free from the constraints of traditional notions on the issue of ownership, thereby opening the door to the development of the non-public sector.
