Entrepreneurs heartened by presidential pledges

Private entrepreneurs in the capital are encouraged by President Xi Jinping's speech on supporting non-public sectors and are determined to seize the opportunity to enhance their competitiveness.

Situated at the nation's technological and scientific innovation hub, private companies in Beijing are mainly in the internet, cultural and science industries.

They face similar difficulties such as financing, high rental costs for workspaces and the outflow of talents due to the high cost of living in the city, in addition to the nation's ongoing economic restructuring and trade tensions with the United States.