Page 36 - REPORT ON THE WORK OF THE GOVERNMENT

Five-Year Plan will be sped up. Urban renewal projects should also be launched.
We should promote complementary development between regions and see that

each region fully leverages its strengths. We should continue to step up support for
economic and social development in areas badly hit by Covid-19. We should
encourage and attract more private capital into major state projects and projects
aimed at addressing areas of weakness in order to stimulate private investment.
2. Accelerating the modernization of the industrial system

Scientific and technological innovation must play a bigger role in supporting
industrial development. We should continue the initiative to bolster industrial and
supply chains, with a focus on key industrial chains in the manufacturing sector.

We should pool quality resources and make concerted efforts to achieve
breakthroughs in core technologies in key fields so as to fully unleash the vitality
for innovation.
We should redouble efforts to explore and develop important energy and
mineral resources, discover more reserves, and boost production. We should speed

up the digitalization of traditional industries and SMEs to make them higher-end,
smarter, and more eco-friendly. We should accelerate R&D and application of
cutting-edge technologies and promote the application of scientific and
technological advances. We should develop a smooth and efficient logistics system.

We should strive to develop the digital economy, step up regular oversight, and
support the development of the platform economy.
3. Unswervingly consolidating and developing the public sector and unswervingly
encouraging, supporting, and guiding the development of the non-public sector
We should deepen reform of state-owned capital and SOEs and enhance the

core competitiveness of SOEs. We should continue with a category-based approach
to reform and see that SOEs fulfill both their economic and social responsibilities
and that they improve their modern corporate governance with distinctive Chinese
features.

We should, in accordance with the law, protect the property rights of private
enterprises and the rights and interests of entrepreneurs and refine related policies.
We should encourage and support the private sector and private businesses in
growing and expanding and support MSMEs and self-employed individuals in

business development.
We should cultivate a cordial and clean relationship between government and
business and create an environment in which enterprises under all forms of

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