From December 18 to 20, the United Front Work Department of the Central Committee and the All-China Federation of Industry and Commerce held a special seminar at the Central Institute of Socialism for private economy representatives to learn and implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee and the spirit of the Central Economic Work Conference. Meanwhile, Liu Yonghao, chairman of New Hope Group, said in an exclusive interview that private entrepreneurs are currently showing a strong spirit of hard work. This is an advantage for the Chinese economy, but we also need to be wary of “internal rolling” competition that may be triggered. Faced with the challenges brought about by slowing economic growth and high-quality development and transformation, many traditional business operators have developed anxiety and have even fallen into a state of “lying flat” or lacking in confidence. In response, Liu Yonghao pointed out, “Difficulties will not go away due to anxiety; 'lying flat' means completely leaving the track. Only by continuing to work hard will it be possible to reverse the market and move forward.” Liu Yonghao believes that in the face of challenges, enterprises should take the initiative and actively seek change. Traditional enterprises, in particular, should enhance operational efficiency through technological empowerment, build core competitiveness through technological innovation, work hard on internal skills, strengthen internal management, and find new growth paths in the midst of challenges.

From December 18 to 20, the United Front Work Department of the Central Committee and the All-China Federation of Industry and Commerce held a special seminar at the Central Institute of Socialism for private economy representatives to learn and implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee and the spirit of the Central Economic Work Conference. Meanwhile, Liu Yonghao, chairman of New Hope Group, said in an exclusive interview that private entrepreneurs are currently showing a strong spirit of hard work. This is an advantage for the Chinese economy, but we also need to be wary of “internal rolling” competition that may be triggered. Faced with the challenges brought about by slowing economic growth and high-quality development and transformation, many traditional business operators have developed anxiety and have even fallen into a state of “lying flat” or lacking in confidence. In response, Liu Yonghao pointed out, “Difficulties will not go away due to anxiety; 'lying flat' means completely leaving the track. Only by continuing to work hard will it be possible to reverse the market and move forward.” Liu Yonghao believes that in the face of challenges, enterprises should take the initiative and actively seek change. Traditional enterprises, in particular, should enhance operational efficiency through technological empowerment, build core competitiveness through technological innovation, work hard on internal skills, strengthen internal management, and find new growth paths in the midst of challenges.