2018 Summit of China Top 500 Private Enterprises Held in Shenyang

The 2018 Summit of China Top 500 Private Enterprises was held on Wednesday in Shenyang, capital city of China’s northeastern Liaoning Province. The following are some opinions from the experts who participated in the summit on the development of Chinese private enterprises.

Huang Li, vice president of All-China National Federation of Industry and Commerce, and president of Wuhan Guide Infrared Co., Ltd

If enterprises target achieve high-quality development, they must first focus on innovation and development of core technology. Private enterprises should become the main battlefield of technological innovation.

Li Dongsheng, President of TCL

The role of private enterprises in boosting the economy of Northeastern China is important. He asserted that private companies should play a bigger role in this process. Li also hoped TCL would seize the business opportunity here.

Jia Kang, chief economist with the China Academy of New Supply-side Economics.

Private enterprises are an important part of China's socialist market economy that needs to be unswervingly developed.

Qi Yumin, Chairman of Brilliance Auto

The enterprises should focus on the development of the industrial chain, said Qi. “How to develop from the low end to the high end is a common problem faced by both the state-owned and private enterprises. The former have considerable strength and the latter are more flexible. I hope that the state-owned and private enterprises can build a platform for the upgrading of the industrial chain and explore how to achieve common development by integrating their respective advantages,” he added.

Tang Liang, vice president of the Chinese Civil Chamber of Commerce and president of Ossen Group Co. Ltd

China regards strengthening weak links as the key task of its current supply-side structural reform, and private enterprises have great prospects, especially in improving people's livelihoods. Private enterprises should focus on their main business, create advantages, stress quality, standardize management and encourage innovation.