New track accelerates, private economy breaks through waves and moves forward
2026-05-20
The Private Economy Promotion Law was officially implemented on May 20th last year. Over the past year, a series of policy "combination punches" have been refined and implemented to boost confidence in the development of the private economy and translate policies into practical results. Currently, more and more private enterprises are bravely moving forward in the market storm, and they have become an important force for technological innovation in China. From January to April this year, investment in high-tech industries dominated by private enterprises increased by 6.1% year-on-year. At the Brain Computer Science Innovation Demonstration Center in Yuhang District, Hangzhou, an employee who had lost both arms picked up his calligraphy hobby again and used his intelligent bionic hand to "wave his hair and ink". The price of this product is only 1/5 to 1/7 of similar foreign products, which is based on non-invasive brain computer interface technology. With this as the core, QiangBrain Technology has launched a series of products targeting the consumer market, such as intelligent sleeping devices. The "15th Five Year Plan" proposal released this year explicitly includes brain computer interfaces as one of the six major future industries, becoming a new economic growth point. Nowadays, QiangBrain Technology's dexterous hand has landed in multiple humanoid robot companies, becoming a core component of embodied intelligence. Its product applications have extended from medical rehabilitation to industrial landing. Currently, QiangBrain Technology's products have been sold to more than 35 countries and regions, "said Han Bicheng, founder and CEO of QiangBrain Technology. Private enterprises are a key force in cultivating new quality productivity. From brain computer interfaces to embodied intelligence, commercial aerospace, and low altitude economy, more and more private enterprises are taking the lead in innovation arenas, leading new fields and tracks. On May 14, the Zhuque II improved remote five carrier rocket was successfully launched, further improving the launch capability of heavy load, and providing support for the development of satellite Internet; In addition, the successful launch of the Lijian-2 Yao-1 carrier rocket and the successful completion of the suborbital flight test of the Lihong-1 Yao-1 spacecraft... Since the beginning of this year, private rocket companies have frequently reported good news, and China's commercial space launch capability and large-scale production have reached a new level. With keen market insight and strong innovation vitality, private enterprises not only accelerate the landing of technology, but also gradually advance into the "no man's land" of innovation, opening up new formats and models. At the Global Digital Trade Center of Yiwu Small Commodity City, a modified robotic dog is charging in an electronic display cabinet during the day. The staff explained that these specially modified robotic dogs automatically patrol the mall along a fixed route every night. Thanks to their cameras and infrared sensors, they can promptly identify safety hazards and safeguard the mall's safety. In the past year, we have clearly felt that the openness of various commercial spaces, cultural and tourism scenic spots, industrial parks and other scenarios to robot applications is increasing. ”Li Yiyan, CEO of Qingtian Rent, said. As the first embodied intelligent rental platform in China, Qingtian Rental has developed rapidly since its launch in December 2025, and has now established a robot rental service ecosystem in over 100 cities across the country. Looking at the whole country, private enterprises contribute more than 70% of technological innovation achievements, and more than 92% of national high-tech enterprises are concentrated. They account for over 90% in high-tech manufacturing, high-tech services, and core industries of the digital economy. Since the beginning of this year, the innovation vitality of private enterprises has continued to be released. According to data from the National Bureau of Statistics, investment in China's high-tech industry increased by 6.1% year-on-year from January to April. The layout of cutting-edge fields such as artificial intelligence, embodied intelligence, and 6G has accelerated, increasingly becoming a new engine for investment growth. While private enterprises are thriving and moving forward, the government is also constantly strengthening policy guarantees. On May 20th last year, the Private Economy Promotion Law was officially implemented, with special chapters on "scientific and technological innovation" and other areas, clearly supporting private economic organizations to invest and start businesses in strategic emerging industries, future industries and other fields, and "adding full power" to private enterprises in cultivating new quality productivity. Include private small and medium-sized enterprises with high levels of R&D investment in the field of refinancing policy support; Promoting state-owned enterprises, especially central enterprises, to actively open up their main business areas and attract private enterprises, small and medium-sized enterprises, and research institutes to participate... In the past year, a series of policy measures related to private enterprises have been accelerated and effective, further optimizing the business environment and enhancing the market competitiveness of private enterprises. Wen Bin, Chief Economist and Dean of the Research Institute of China Minsheng Bank, and Vice President of the China Private Economy Research Association, stated that since the implementation of the Private Economy Promotion Law one year ago, the institutional framework has shifted from "paper" to "practice" and from fragmentation to systematization. Among them, laws and regulations support private enterprises to participate in major scientific and technological breakthroughs, layout emerging industries, and with supporting policies such as R&D expense reductions, guide enterprises to increase their investment in core technologies. The rapid iteration of new quality productivity technologies, new business models, and wide application scenarios have put forward high requirements for the decision-making agility of business entities. Correspondingly, private enterprises have short decision-making chains, flexible incentive mechanisms, and relatively high risk preferences, and are often able to respond faster in exploring cutting-edge technologies and incubating emerging business models. In emerging fields such as artificial intelligence, low altitude economy, biomanufacturing, and commercial aerospace, private enterprises have become the main force for technological breakthroughs and commercialization. ”Wen Bin said. Under the protection of policies, the position of private enterprises as the main body of innovation has become more prominent. ”Zhang Xiaolan, a researcher at the Information Technology and Industrial Development Department of the National Information Center of the National Development and Reform Commission, said that currently, practical measures are continuously being introduced, various emerging application scenarios are being orderly opened up, obstacles to innovation and development of private enterprises are being eliminated, and favorable conditions are being created for private enterprises to cultivate and develop new quality productive forces. Looking ahead to the future, with the continuous improvement of policy support and the continuous optimization of innovation ecology, the innovative and creative vitality of the private economy will be further fully unleashed, injecting a continuous stream of strong momentum into the high-quality development of the economy. (Looking into the New Era)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Economic Information Daily
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