Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), met leaders from five private enterprises to “gather opinions and suggestions for the scientific formulation of the ‘15th Five-Year Plan’, with a focus on technological innovation”, according to a statement published by the NDRC on Tuesday.
Zheng said private enterprises could play a crucial role in helping Beijing formulate its next plan, which will cover the years 2026 to 2030. The private sector “possesses strong innovation momentum, great potential and abundant vitality”, he added, making private companies “a key force in developing new quality productive forces”.
Peng Peng, head of the Guangdong Society of Reform, a think tank affiliated with the provincial government, said the 15th Five-Year Plan would “focus on technology and innovation as engines [for development], which means it needs to promote new and future-oriented industries.”
“Private companies have a lot more advantages in this regard. They are the key driving force in innovation.”
