In a powerful demonstration of policy continuity, East China’s Fujian province has emphatically reaffirmed its commitment to nurturing the private sector as the cornerstone of its high-quality development strategy. The provincial leadership convened its annual symposium with prominent private entrepreneurs on February 26, 2026—marking the sixth consecutive year that this gathering has been designated as the inaugural working session following the Chinese New Year holiday.
The high-level dialogue provided a strategic platform for direct engagement between government officials and business leaders, facilitating substantive discussions on industrial modernization and innovation-driven growth. Entrepreneurs contributed firsthand perspectives on market dynamics and proposed concrete measures to stimulate regional economic vitality during these exchanges.
Economic indicators substantiate Fujian’s private-sector focus: provincial GDP exceeded 6 trillion yuan ($877 billion) in 2025, with private enterprises generating 77.4% of total economic growth while achieving a 5.5% year-on-year increase in added value.
Zhou Zuyi, Secretary of the Communist Party of China Fujian Provincial Committee, characterized the private economy as both the province’s essential vitality and distinctive competitive advantage. He articulated the government’s tripartite role as “partner,” “servant,” and “guardian,” pledging to cultivate an optimal business environment throughout the 15th Five-Year Plan period (2026-2030).
This provincial initiative reflects a broader national trend, with multiple Chinese provinces including Anhui, Guangdong, Shandong, and Hubei simultaneously conducting their own post-holiday meetings focused on technological innovation and private sector development to launch the new five-year planning cycle.