Zhang Jun, chief economist at China Galaxy Securities, noted that some of the private enterprises that attended the symposium are not big in terms of business scale or revenue, but have strong growth potential.

　　“It reaffirmed private enterprises' past breakthroughs in new quality productive forces, while highlighting the government's determination to cultivate future industries,“ Zhang said.

　　Observers said the participation of private enterprises from both traditional and emerging sectors showed the continuous emphasis China's top leadership places on the role of the manufacturing industry in the Chinese economy.

　　Liu Yonghao, founder of New Hope Group, a leading enterprise in agricultural industrialization, told China Daily on Tuesday that technology not only flourishes in high-end manufacturing and AI sectors, but also drives innovative growth in traditional sectors such as agriculture.

　　“Inspired by the top leadership's remarks, our company will capitalize on favorable policies and make efforts to propel further growth amid complex challenges,“ said Liu, who also attended the symposium.

　　Recalling that the previous such symposium on private enterprises, which was presided over by President Xi in 2018, was followed by a three-year bull run in China's A-share market, Zhang, from China Galaxy Securities, said that Monday's meeting will “help enhance the confidence of market entities, dispel concerns about uncertainty and play a decisive role in stabilizing the market“.

　　Xu Hongcai, a renowned economist and deputy head of the financial and economic affairs committee of the National People's Congress, said that Xi's remarks “conveyed a clear signal that even with the changing and volatile economic and trade policies of some foreign countries, China remains focused on high-quality economic development as always“.