China Reaffirms Support for Private and State Enterprises in 15th Five-Year Plan

Chinese state media released a comprehensive policy feature reaffirming leadership support for diverse corporate ownership models as the country navigates the opening phase of its 15th Five-Year Plan period. Highlighting first-half macroeconomic indicators—including 4.7% gross domestic product growth and an 18.7% increase in industrial profits—the report emphasized steady institutional backing for state-owned enterprises, private businesses, and foreign investment under the banner of high-quality development.

The policy focus sets the tone for corporate governance and market expectations during the 15th Five-Year Plan period. Reassurances on institutional protection and equal market access aim to boost domestic private investment and retain multinational capital amid broader economic transformation.

In a comprehensive policy overview published by Xinhua and carried across official government and military platforms, Chinese authorities reaffirmed high-level support for all forms of corporate ownership as the country embarked on the first half of its 15th Five-Year Plan period. The official commentary highlighted baseline macroeconomic performance, noting that domestic gross domestic product expanded by 4.7% year-on-year, profits of industrial enterprises above designated size grew by 18.7%, and new economic growth drivers contributed over 40% to overall expansion. State media framed enterprises as the fundamental microeconomic foundation for China’s ongoing transition toward high-quality development. Central to the communication is the reaffirmation of China's core economic framework, particularly the principle of consolidating the public sector while encouraging, supporting, and guiding the non-public economy. The article underscored that policy directions across ownership categories remain constant: state-owned enterprises are directed to grow stronger and optimize strategic capabilities; private enterprises are encouraged to expand with long-term policy certainty; foreign firms are invited to deepen their domestic presence; and small and medium-sized enterprises are guided toward specialized, innovative niches. To illustrate industrial and technological progress, the report cited major domestic engineering and manufacturing milestones, including continuous operations by the Cangyuan ultra-large tunnel boring machine, commercial flights of the C919 passenger jet, deployments of humanoid robotics, and grid connections for Hualong One third-generation nuclear power units. The release reiterated leadership statements from key business engagements, including a symposium with private entrepreneurs emphasizing that basic supportive policies will not alter, alongside dialogues encouraging international business leaders to participate in Chinese modernization. By framing corporate dynamism as essential to supply chain resilience and national competitiveness, official guidance signaled an ongoing push to align market-level corporate activity with national strategic priorities.