Zhinews of Shenzhen Satellite TV:

The report emphasizes the need to effectively stimulate the vitality of various business entities. As you mentioned earlier, this year's report particularly focuses on boosting confidence. May I ask what effective measures will be taken this year to enhance enterprise vitality, improve business expectations and boost confidence? Thank you.

Shen Danyang:

As mentioned earlier, people are particularly keen on understanding how this year's economic and social development targets will be met, and your question is closely tied to this topic. We believe that to achieve this year's economic and social development goals, it is necessary to focus on policy efforts, but even more crucially, to stimulate the internal momentum of various business entities. Once the internal momentum is boosted, it will continuously give full play to its supporting role. In recent years, the CPC Central Committee and the State Council have given considerable attention to issues affecting businesses, especially small- and medium-sized enterprises (SMEs) and private companies. We have consistently pushed for solutions and made significant progress. Not long ago, General Secretary Xi Jinping attended a symposium for private enterprises, where he delivered an important speech. I believe everyone can perceive the concern and emphasis that the CPC Central Committee has placed on the development of the private sector. According to the requirements of the government work report, a lot of work will be done this year to stimulate the vitality of various business entities and boost the confidence of enterprises, especially private companies. Specifically, this will be achieved by solidly implementing the policies and measures that have already been introduced, focusing on three key areas: enhancing the business environment, reducing burdens and optimizing services.

Improving the environment means continuously investing significant resources to create a market environment with fair competition and maintain a stable, consistent policy environment. This is also an aspect that many enterprises are eagerly anticipating. For example, we need to guide more private investment toward major infrastructure and public wellbeing projects. We will also launch special initiatives to regulate enterprise-related law enforcement, with a focus on tackling arbitrary charges, fines, inspections and seizures. We will take resolute steps to prevent unauthorized cross-jurisdictional and profit-driven law enforcement.

Reducing burdens on businesses means helping them operate with ease by intensifying efforts to settle overdue payments owed to enterprises. Overdue payments include debts owed between businesses and those owed by governments to enterprises, with various entities owing each other across the board. This year, measures will be taken to address these issues. We will arrange local government special-purpose bonds to reduce overdue payments owed by local governments to enterprises, intensify efforts to tackle this issue at the source, and take stronger punitive actions against those who act in bad faith. Additionally, we will implement long-term mechanisms to address this issue. In fact, the State Council has already conducted research, and a series of strong measures will be implemented in due course. We need to increase financing support for private enterprises and small and micro businesses and make continued, intensive efforts to resolve the difficulties they face in accessing affordable financing.

Optimizing services means providing high-quality government services that better support the development of enterprises. The State Council has decided to take advancing one-stop government services as a leverage to improve the efficiency of government services. This is not merely a slogan but a concrete policy measure and a meaningful service initiative. The State Council has put in place specific measures and issued guidelines, and we will continue to work to ensure the implementation of those measures. We will continue to upgrade government services across all levels of government and establish mechanisms to enhance regular communication and exchanges between governments and businesses. For example, some local government officials hold enterprise symposiums, and these practices should be institutionalized to provide business leaders with a stable and efficient channel for engaging with government officials. We should conduct service-oriented administration. That's all from me. Thank you for your question.