In this sense, each of them is competitive; otherwise, they are already out of business. It is these market entities who fuel the unceasing development of China’s economy. When the economy reeled from external shocks, these market entities manifested strong resilience. They flexibly adapted their production and operation arrangements to prices, orders, workforce and raw materials.
Yet on many occasions, what they faced was more fierce market competition and even life-or-death stakes. Therefore, with commitment to the CPC’s basic lines, we focus on the central task of economic development, adhere to the Four Cardinal Principles, continue to reform and open up, and we make improvements to the socialist market economic system.