Private companies poised to boost the economy

Leading entrepreneurs said Thursday that China's private companies are confident in their ability to overcome obstacles and take advantage of opportunities in a changing global environment because the government has implemented a number of policies that assist the private sector.The chairman and CEO of Tencent Holdings, Ma Huateng, stated in a People's Daily essay on Thursday that the government has lately implemented a potent set of incremental measures that have assisted in addressing the urgent issues and bottlenecks that have hampered the economy. "These actions are directly addressing the demands of the market and giving companies new hope that the government will continue to pursue a stable economic recovery.

Additionally, this has given businesses more confidence and strengthened their conviction that they should act boldly and decisively in order to proceed with unwavering determination," Ma said.He believes that the internet and the digital technology sector are essential to reviving the economy. According to him, Tencent has been investigating new directions in digital consumption and developing a variety of models and scenarios to increase demand. "Looking ahead, Tencent is committed to ramping up investment in line with government encouragement, championing the spirit of entrepreneurship, and weaving together technological innovation and industrial advancement more deeply than ever before," Ma said.