Tailored support can boost private economy

Editor's note: President Xi Jinping's recent speech on the private economy has boosted confidence in the private sector as well as China's economy. But what difficulties nonpublic enterprises face and how can they be resolved? Four experts share their views on the issue with China Daily. Excerpts follow:

Private firms need financial support

The nonpublic sector has played an important role in boosting China's exports, building the industry chain and industry clustering, and perfecting the market system. It is therefore an important component of China's economic foundation.