Xi's measures bolstering confidence

Private entrepreneurs bullish on the call to step up innovation efforts

Top entrepreneurs from China have responded positively to President Xi Jinping's emphasis on providing more support to private enterprises, and said they will step up efforts to boost innovation and take the initiative to shore up economic growth.

Lu Weiding, CEO of Wanxiang Group, a multibillion dollar automotive group, said he was reassured by President Xi's speech about more support to private firms. "The top leadership gave an enlightening prescription to the difficulties we are facing. As representatives of the new generation of entrepreneurs, we will strengthen our innovation capabilities and core competitiveness to be stronger, and hope to gain a lead in global competition," Lu said.