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Chinese entrepreneurs applaud guidance supporting private sector

chinadaily.com.cn | Updated: 2023-07-26 06:40
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Chinese gymnastics champion and businessman Li Ning, carries the torch in the last part of the relay before lighting the cauldron at the end of the 2008 Beijing Olympics Games opening ceremony at the National Stadium in Beijing on Aug 8, 2008. [Photo/VCG]

The issuance of the guideline carries significant importance, which affirms the crucial role of the private economy in driving the Chinese path to modernization, said Li Ning, Chinese gymnastics champion and businessman.

This not only boosts the confidence and motivation of private enterprises to pursue high-quality development but also provides guidance for the growth and expansion of the private economy.

Li Ning Group will seize this opportunity to pursue high-quality development by placing sports technology innovation at the core and solidifying the foundation of professional sports.

The company will also promote cutting-edge technology research and the transformation of research achievements, Li said.

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