Experts: Entrepreneurs must embrace promotion of common prosperity

A group of top entrepreneurs and economists pledged to together promote common prosperity and high-quality economic growth of society. They made the commitment during an annual conference on entrepreneurial development held in Fuzhou, Fujian province, over the weekend.

Ma Peihua, vice-chairman of the 12th National Committee of the Chinese People's Political Consultative Conference, said in the new era, entrepreneurship inspires people with good business ideas to possess a strong sense of historical responsibility.

Ma said he hoped entrepreneurs would promote entrepreneurial endeavors and help consolidate the foundation of common prosperity. They should carry out communication and cooperation more broadly and share more business growth opportunities.

Ma Weihua, chairman of the National Fund for Technology Transfer and Commercialization and former president of China Merchants Bank, said promoting common prosperity is a social responsibility of entrepreneurs, and they should actively undertake such a commitment, follow the concept of sustainable development and achieve high-quality growth.

Agricultural conglomerate New Hope Group has innovated itself in management and technologies to become a digitalized enterprise. The group has established digital research and development teams in Beijing; Shanghai; Shenzhen, Guangdong province and Chengdu, Sichuan province.

"Unlike most agriculture and animal husbandry industries, we aim to leverage digital technologies, control costs in large-scale breeding and reduce carbon emissions. These are some core problems that our industry faces in our path to pursue high-quality development," said Liu Yonghao, chairman of New Hope Group.

Fan Gang, president of China Development Institute, a Shenzhen-based think tank, said the most important strategy for society to pursue common prosperity is to insist on sequential and more equitable distribution to bring about and maintain a fair and stable society. It is critical to create more employment opportunities, output values and productivities.