Reporters learned from the General Administration of Market Supervision on June 12 that by the end of May 2024, there were 180.45 million private economic entities in China, accounting for 96.4% of the total number of business entities, up from 95.5% in 2019, including 55.177 million private enterprises and 125.273 million individual businesses. The proportion of private economy in China's economy has steadily increased, which has become a new force to promote Chinese style modernization and an indispensable foundation for high-quality development.

The proportion of private economy in high-tech industries in the main body of business has steadily increased. From the perspective of industry distribution, the proportion of private economic entities in manufacturing, scientific research and technology services, information transmission software and information technology services and other high-tech industries that the country focuses on developing has increased, from 95.9%, 91.9% and 92.4% in 2019 to 96.1%, 94.4% and 92.4% respectively. The proportion of newly established private enterprises in various high-tech industries since 2019 is more than 90%. Among them, the high-tech manufacturing industry accounts for 90.2%, the high-tech service industry accounts for 93.3%, the four new economies account for 93.4%, and the core industries of the digital economy account for 94.6%. The private economy plays a major role in the development of emerging industries. According to CCTV news client

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