Private companies ready to take up the gauntlet

Entrepreneurs in Shanghai have vowed to integrate high-quality resources and bring their advantages in technology and innovation into full play, to contribute to the city's attempt of building itself into a scientific innovation center with global influence.

Private entrepreneurs from the city said that President Xi Jinping's recent speech on private enterprises has given the community strong confidence that it can contribute to the city, the country's overall development, and ongoing efforts to improve people's livelihoods.

Guo Guangchang, chairman of the Shanghai-based conglomerate Fosun International, said that Xi had noted that "private enterprises and private entrepreneurs belong to our own family", making them feel reassured.