Private Economy: Driving China's Economic Priorities in 2026 and Beyond

On February 18, 2026, CGTN highlighted the central role of China's private sector in advancing the nation's economic agenda. Significant achievements over the past year underscore the sector's influence on consumption, technological innovation, and opening-up strategies. Key examples include domestic AI models like DeepSeek, innovations in robotics by Unitree Robotics, and the successful launch of the Zhuque-3 reusable rocket by the commercial aerospace industry.

A year earlier, President Xi Jinping underscored the private economy's role in high-quality development at a symposium in Beijing. His recent article emphasizes innovation-driven growth and the need to cultivate new growth drivers, with a focus on expanding domestic demand and international cooperation.

Private firms, constituting 92% of high-tech enterprises, are pivotal in technological advancements and foreign trade. Initiatives such as Meituan's drone deliveries and innovations by Wenzhou Runxin Machinery highlight their market adaptation capabilities. Strong policy support, as seen with the Private Economy Promotion Law, aims to optimize the business environment, further enabling private enterprises to bolster China’s economic priorities.