On July 19, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy" was released. The opinion pointed out that the private economy is a new force to promote Chinese-style modernization, an important foundation for high-quality development, and an important force to promote my country's comprehensive building of a socialist modern power and the realization of the second centenary goal.
The "Opinions" is divided into eight parts, focusing on continuously optimizing the development environment of the private economy, increasing policy support for the private economy, strengthening legal protection for the development of the private economy, focusing on promoting the high-quality development of the private economy, and promoting the healthy growth of private economic personnel. Proposing 31 policy measures reflects the firm determination of the Party Central Committee and the State Council to adhere to the "two unwavering" principles and promote the development and growth of the private economy. The National Development and Reform Commission will work with relevant parties to launch relevant supporting policies and measures in the near future. The introduction of the "Opinions" has provided "reassurance" to private entrepreneurs across the country.
In recent years, Chengdu has been vigorously supporting the development of private enterprises and cultivating a fertile soil suitable for the development of private enterprises. Data show that in 2022, Chengdu will achieve a value-added of 1,015.684 billion yuan in the private economy, breaking through the trillion yuan mark for the first time, accounting for 48.8% of GDP. This year, Chengdu has further strengthened its support for the private economy. At the beginning of the year, Chengdu 12345 Qinqing Online was launched. The platform innovatively integrated the four major enterprise service platforms of 12345 Help Enterprise Hotline, Rongyiban, Rongyixiang, and Rongyijian, which released the signal and determination to continuously optimize the business environment. Stimulated by favorable policies, as of the end of March this year, there were 3,611,700 private market entities in Chengdu, a year-on-year increase of 17.6%, accounting for 97% of private market entities, and 160,300 newly registered private market entities, a year-on-year increase of 10.67%. In the first quarter of this year, Chengdu's private economy achieved an added value of 267.03 billion yuan, a year-on-year increase of 4.6%, accounting for 50.7% of GDP. The private economy is showing a good trend of accelerated recovery and development.
The publication of the "Opinions" has aroused strong repercussions among private entrepreneurs in Chengdu. They all voiced their opinion that this has strengthened the confidence and determination of the company's development, and will take root in Chengdu and strive to develop and help Chengdu accelerate the establishment of a modern industrial system.
Zhong Bo, Chairman of XGIMI Technology : I am more determined to stick to the main business and strengthen the industry
"The release of the "Opinions" has enhanced the confidence of private entrepreneurs to unswervingly follow the path of high-quality development, and has further strengthened our determination to stick to our main business and strengthen our industry." Zhong Bo said, as a manufacturing company driven by research and development, The two major measures of "supporting the improvement of scientific and technological innovation capabilities" and "encouraging the improvement of international competitiveness" in the "Opinions" have encouraged enterprises.
Innovation and globalization are two important strategies of XGIMI. Zhong Bo said that XGIMI’s current priority is to do a good job in the research and development of the underlying technology of projection, and to consolidate the innovation of enterprises and products; the second is to invest in overseas markets to achieve a wider globalization of the brand. According to Zhong Bo, in the first quarter of 2023, XGIMI’s R&D expense ratio accounted for more than 11%; in May, XGIMI launched the Dual Light super mixed light technology that is currently most suitable for the home projection market. In the overseas market, XGIMI is also actively deploying. In the past two years, XGIMI’s overseas revenue reached 434 million yuan and 790 million yuan, a year-on-year increase of 145.22% and 82.04%. "We firmly believe that only by doing a good job in the research and development of the underlying technology of projection, and actively extending to the direction of core components, can we take the initiative in the division of labor in the global industrial chain, realize our innovation in the field of projection, and finally achieve fruitful results in international competition." Zhong Bo explain.
The "Opinions" put forward a lot of implementation measures. Zhong Bo said that with the implementation and landing of the "Opinions", private enterprises will definitely have more and more confidence in their development, especially related measures related to openness, innovation, and empowerment. The goal of high-quality development of platform enterprises has been achieved, and private enterprises have a clearer direction and motivation for their future development.
"In the future, XGIMI will continue to invest and build a high-level research team to speed up the research and development and innovation process of the underlying technology of projection, and strive to become the world's number one in this field as soon as possible." Zhong Bo said.