Entrepreneurship demonstrated by businesspeople promotes development of China's private economy

Businesspeople from the private sector, whether young or old, and whether from traditional industries or from the emerging ones, have carried on the entrepreneurship from generation to generation, promoting the development of China's private economy.

A symposium on private economy was held in Beijing on Monday, at which Chinese President Xi Jinping delivered an important speech.

In his speech, Xi emphasized the role of private enterprises in advancing China's broader goals in technological innovation, promoting rural vitalization and improving people's well-being.

Dozens of entrepreneurs, ranging in age from their early 30s to over 70, attended the symposium, and the China Central Television (CCTV)interviewed some of the entrepreneurs on the day.

"At the symposium, there are many companies focusing on new quality productive forces, as well as those of science and technology. Of course, there were representatives from traditional industries. I think this indicates the changing of the society, and the changing of the nation. The country is marching towards a direction of advanced technology. Over the years, we've invested over 40 billion yuan (about 5.5 billion U.S. dollars) in agriculture. Meanwhile, we've also invested in high technology to put more efforts in transformation and developing new quality productive forces. We've made some achievements, and are heading towards a new path," said Liu Yonghao, president of New Hope Group, China's agricultural conglomerate.

Xu Guanju, president of Transfar, a chemical company in east China's Zhejiang Province, was impressed by the remarkable achievements that the younger generation of entrepreneurs has achieved so far. He believed that it is the resilient entrepreneurship that has helped to continue the success in the private sector.

"I believe resilience and the spirit of never giving up are not only demonstrated in our generation, but also fully embodied by the young generation of entrepreneurs. They are well-educated, very intelligent, empathic and patriotic. Although Transfar is an enterprise in traditional industry -- manufacturing, we are also in the process of transformation and upgrading. Now, we've built up a global supply chain. In the past, our factories were based in China to serve the world. But now, we are all around the world, serving the whole world," said Xu.

Nan Cunhui, who is the president of CHINT Group, a leading Chinese smart energy solutions provider, is also pleased to see the quick growth of the new generation of entrepreneurs, and the new changes they've brought in. He is looking forward to the transformation of traditional industries.

"The innovations made by the younger generations have been emerging rapidly. I think such a force is really strong. With the development of innovation, the architectural restructuring of the global supply and industrial chains, there would be new progress and plenty of traditional sectors could make strategic and structural adjustment. So, today's symposium is really timely and crucial," said Nan.

Entrepreneurship demonstrated by businesspeople promotes development of China's private economy

Iranian Foreign Minister Seyed Abbas Araghchi said on Monday that Iran has obtained extensive documents and evidence linking the recent unrest across the country to the U.S. and Israel, noting that Mossad agents attempted to direct such "terrorist acts."

Araghchi said at a press conference in Tehran that since Dec 28, 2025, Iran had seen peaceful demonstrations organized by industry associations and economic professional. In the following days, more participants joined, and the situation gradually escalated from peaceful rallies into violent clashes.

Beginning on Jan 8, terrorists and armed groups carrying weapons entered protest sites and opened fire on police and civilians, with the aim of steering demonstrations toward violence, bloodshed and chaos, he said.

"Israeli media reports are rife with claims that Israel has designed and conducted operations in Iran. Mr. [Mike] Pompeo, who was Trump's CIA director, said on his X that 'Happy New Year to every Iranian in the streets. Also to every Mossad agent walking beside them.' This clearly shows that Mossad agents attempted to direct such terrorist acts," the minister said. Addressing military threats from the U.S. and Israel, Araghchi said Iran does not seek war but is fully prepared to face up to war. He added that Iran is ready for serious and pragmatic negotiations with the U.S., but the talks must be based on fairness, equality and mutual respect, rather than unilateral pressure or directives from Washington.

On the same day, Iranian Foreign Ministry spokesman Esmaeil Baghaei condemned the U.S. and Israel at a regular press briefing in Tehran. He said the two countries have made "extensive interventionist remarks" regarding Iran's situation, saying such statements are intended to foment chaos, violence and instability.

The spokesman said Iran is closely monitoring the development of the situation and remains fully prepared, warning that Iran's armed forces will respond to any act of aggression by its enemies.

Mossad agents attempt to direct terrorist acts: Iranian FM