Since this time, the central government has launched a package of incremental policies, focusing on the pain points in the current economic operation, fully responding to market voices, making the majority of enterprises feel the strong determination to strive to achieve economic and social development goals, and also strengthening the belief that everyone can take the lead and overcome the difficulties together.
We can see that the party and the government have complied with the concerns of the bottom of the market and made it a key point to actively support the development of the private economy and build a high-standard market economy. Formulating a series of powerful system construction such as the private economy promotion law, starting from the most worrying and worrying links of private enterprises in the past, has formed good expectations for everyone to go into battle lightly. The re-emphasis on the consistency of macro-policy orientation has grasped the bull’s nose that the policy combination boxing has been effective, and truly formed a policy synergy, allowing enterprises to better concentrate on their main business and develop with peace of mind.
Digital technology industries such as the Internet are the new kinetic energy for China’s development and bear important responsibilities in boosting the economy. As a digital technology enterprise, Tencent has actively responded to the deployment of the country to expand domestic demand over the years, actively explored the development of digital consumption, and strived to create richer consumption scenarios, modes and formats. From the continuous optimization of consumer tools such as WeChat payment to the e-commerce business such as live delivery of water video numbers, we actively create and serve effective demand and promote a smoother economic cycle. At the same time, relying on the increasingly active and perfect WeChat ecosystem, we constantly improve the absorption and friendliness of employment and entrepreneurship. The Chinese Academy of Labor and Social Security recently estimated that the employment and income opportunities created by WeChat digital ecology have increased year after year, reaching more than 50 million last year, and each entrepreneurial project on small programs and video numbers has attracted more than 11 employment opportunities, so the atmosphere of bringing employment through innovation and entrepreneurship is very strong. Next, we will take advantage of the spring breeze of the country to promote venture capital, increase investment in the direction of policy encouragement, devote ourselves to patient capital, and deeply connect technological innovation, entrepreneurship and industrial upgrading.
In today’s world, the opportunity of scientific and technological revolution is fleeting, the industrial competition between countries is almost white-hot, and enterprises will retreat if they don’t advance. In recent years, the overall compliance level, development quality, internal management and social contribution of Internet enterprises in China have been qualitatively improved. Standing at a brand-new starting point, we have comprehensively improved quality and efficiency, optimized business layout, and significantly enhanced the health and sustainability of our business. Some mature platforms or products have gone through multiple cycles, old trees have sprouted, and some new products or works have made breakthroughs in mainstream cultural communication and sea competitiveness. Since 2018, Tencent has invested more than 300 billion yuan in research and development.The big model "Hunyuan" has landed in more than 700 business scenarios, and its digital capabilities have been exported to millions of industry partners.
The prosperity of private enterprises can not be separated from a good macro-environment, and the steady and healthy development of China’s economy expects the contributions of the vast number of private enterprises. Running first-class enterprises well and achieving development with better quality, higher efficiency, stronger competitiveness and greater influence are the persistent goals of the vast number of private enterprises. The way forward cannot be Ma Pingchuan. However, under the leadership of the party and the government, private enterprises will have a bright future if they are United and do their best. China’s economy will surely make great efforts to move forward in spite of the wind and waves. (The author is Chairman and CEO of Tencent.)
