A private economy development conference was held in Jilin on Nov 8. Various private business owners were invited to the event to share their opinions on how to further develop the province's private economy in a more efficient and sustainable way.

A private economy development conference was held to discuss the future development of the private economy in Jilin on Nov 8. [Photo provided to chinadaily.com.cn]

Private entrepreneurs and investors talked about their expectations of the government, offering suggestions on the import and export policy, administrative executions and industrial planning.

A political salvage fund is being raised to help small and medium-sized businesses through the process of industrial transformation.

Private capitals are being encouraged to get involved in the ongoing mixed ownership economic reform of the northeastern province. The brand influence and market share of Jilin-produced products will be enlarged across the country through joint efforts made by the government and local entrepreneurs.

The governor of Jilin province shared ideas with local entrepreneurs on how to further boost the development of the private economy at the Private Economy Development Conference in Jilin on Nov 8. [Photo provided to chinadaily.com.cn]

To date, the added value of the private economy has contributed 51.7 percent of the province's total Gross Domestic Product. Individual investments in Jilin have made up of 73.6 percent of its total fixed capital investment, making the private economy an inseparable part of Jilin's development.

Jilin will make efforts to tackle a series of problems encountered by private-owned enterprises and significantly ease their burdens in the near future.

Jing Junhai, governor of Jilin province, stressed the importance of developing the private economy and encouraged private entrepreneurs to upgrade their businesses. [Photo provided to chinadaily.com.cn]