Entrepreneurs bullish on private sector

Top entrepreneurs from China are bullish on the future of private businesses with the country's reform and opening-up, and said they will further boost innovation to enhance economic growth.

Liu Yonghao, chairman of leading agribusiness company New Hope Group, noted that reform and opening-up has offered "fertile soil" for private companies to grow while the country's call to support private businesses "dispersed the mist" for the private entrepreneurs.

"Private entrepreneurs indeed had some doubts and concerns, but they felt assured when China's top leadership delivered several important speeches within a month," Liu said at a news conference held by the State Council Information Office on Wednesday.