Jiangsu Province champions private sector growth with targeted policies for high-quality development

Xin Changxing, secretary of the Communist Party of China Jiangsu Provincial Committee, has pledged to bolster the province’s private sector enterprises through tailored policies and actionable measures aimed at driving economic growth.

Private enterprises account for approximately 98 percent of all businesses in Jiangsu and contribute about 60 percent of the province's economic output.

"We have tasked provincial leaders with spearheading research initiatives aimed at fostering the healthy development of the non-public sector economy and its entrepreneurs, while strengthening regulatory and institutional frameworks to drive high-quality growth in the private economy. Efforts will also focus on refining and elaborating Jiangsu Province's strategies and measures to advance the high-quality development of the private economy through targeted policies and practical steps. We will fully implement President Xi's important instructions and the central government's directives," said Xin.

Xi attended a a symposium on private enterprises in February, urging efforts to promote the healthy and high-quality development of the country's private sector. He stressed that it is a prime time for private enterprises and entrepreneurs to realize their full potential.

To support private business, Jiangsu has established a provincial database of key private investment projects, with the 200 projects in the database now receiving the same land, environmental, and regulatory benefits as major provincial initiatives. This year, Jiangsu will also introduce new legislation to safeguard private enterprises' growth both domestically and internationally.

"We will protect the legitimate rights and interests of private enterprises and entrepreneurs in accordance with the law, ensure fair development opportunities, and address their urgent challenges through practical support. Our goal is to empower entrepreneurs to focus wholeheartedly on innovation, operations, and growth," said Xin.

Looking ahead, Xin said Jiangsu aims to strengthen the role of private enterprises in technological innovation by prioritizing private firms in major research projects, increasing access to scientific and technological platforms, accelerating the commercialization of research findings, and enhancing policy support for innovation to turn technological advancements into real economic drivers.

Jiangsu Province champions private sector growth with targeted policies for high-quality development

The Fifth Global Media Innovation Forum was held in southwest China's Chongqing Municipality on Wednesday, gathering hundreds of attendees to discuss key issues facing the media industry, including the profound impact of artificial intelligence.

Jointly hosted by the China Media Group (CMG) and the Chongqing Municipal People's Government, the forum was themed "Upholding and Reshaping: The Media's Mission in the Intelligent Era" and brought together around 300 representatives from government agencies, international organizations, media outlets, think tanks, and multinational companies. Participants noted that, guided by the spirit of Chinese President Xi Jinping's congratulatory letter to the first Global Media Innovation Forum in 2022, the event has since become an important platform for media organizations worldwide to deepen exchanges, share experiences, and promote mutual learning.

Speakers highlighted how a new wave of technological and industrial transformations, led primarily by artificial intelligence (AI), is reshaping production, lifestyles, education, and working practices.

China's "AI Plus" initiative -- which aims to promote the extensive and in-depth integration of AI across various fields -- has hailed for creating new opportunities and expanding the scope for cooperation between China and the rest of the world.

Attendees emphasized that AI is exerting a profound impact on the media landscape and public opinion ecosystem. They called for greater application of AI in journalism, cultural communication, and public services to accelerate the media transformation and push innovation.

Participants also stressed the importance of promoting the common values of humanity, building international consensus on global AI governance, and ensuring that digital and intelligent technologies remain people-centered and serve the public good.

They further advocated implementing the Global Civilization Initiative, which was proposed by President Xi, by creating more online platforms for cultural exchanges and mutual learning to strengthen people-to-people connectivity.

Global Media Innovation Forum held in Chongqing with focus on impact of AI