Local representatives welcome Xi's pledges

Private sector representatives and leaders in East China's Fujian province have vowed to step up efforts to promote innovation and pursue high-quality product development, in response to President Xi Jinping's recent speech encouraging the development of private enterprises.

Business executives in Fujian - a national powerhouse of privately owned manufacturing - said they have been reassured the private sector will be supported and developed, giving them confidence to pursue their expansion plans.

Xi vowed to unswervingly encourage, support and guide the development of the nonpublic sector and to support private enterprises to develop toward a broader stage.