Robots package butyl rubber products at a workshop in Binzhou, east China's Shandong Province, Feb. 26, 2025. Binzhou City is a major hub for private enterprises. In recent years, the city has fostered the development of private economy through comprehensive and end-to-end services. (Photo: Xinhua)

The National Development and Reform Commission (NDRC) will step up efforts to actively respond to private enterprises' concerns and address their concerns so as to boost the healthy and high-quality development of the private economy, Zheng Shanjie, head of the NDRC, said during a symposium on private enterprises in the service sector on Friday.

Focusing on the formulation of the 15th Five-Year Plan, the symposium was convened to solicit opinions and suggestions on promoting high-quality development of the service sector, according to a statement posted on the official WeChat account of the NDRC, China's top economic planner, on Friday.

"High-quality development of the service sector plays a vital role in stabilizing employment, expanding investment, stimulating consumption, and improving people's livelihoods," Zheng said.

Noting that the 15th Five-Year Plan period (2026-30) presents immense space and potential for the development of China's service sector, he expressed hope that enterprises would further enhance their core businesses and refine their expertise, actively expand effective investment, improve the level of service supply, and contribute to industrial transformation and upgrading.

The NDRC will work with relevant parties to accelerate the improvement of institutional mechanisms and policy support for the development of the service sector, thoroughly implement initiatives to expand capacity and enhance quality in the sector, and promote better integration of modern services with advanced manufacturing, the official said.

Efforts will be made to pool and integrate resources, deepen the integration of industry and education, continuously reduce innovation costs for enterprises through talent and technological empowerment, expand high-quality business entities, and persistently advance cost reduction and efficiency improvement in the logistics industry, Zheng said.

The participating enterprises said that they would effectively leverage advanced technologies such as the industrial Internet and artificial intelligence, and seize development opportunities to boost their own development while making greater contributions to the high-quality development of the service industry, according to the statement.

Global Times