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Fujian's private economy is well-developed. Just now, Mr. Zhao mentioned several private enterprises, such as CATL, Fuyao Glass Industry Group Co., Ltd ., and Anta. Could you share with us how Fujian has promoted the expansion and strengthening of private enterprises to advance the high-quality development of the private economy? Thank you.

Zhao Long:

Ms. Guo will answer this question. 

Guo Ningning:

Thank you for your interest in Fujian's private sector. Fujian, a major province for the private economy, sees its private enterprises contributing nearly 70% of GDP, over 70% of tax revenue, over 70% of scientific and technological advances, over 80% of jobs, and over 90% of business entities. As Mr. Zhao mentioned earlier, the growth and expansion of Fujian's private sector can be attributed to the "Jinjiang Experience." In recent years, being always mindful of the expectations on us, we have fully supported private enterprises in breaking new ground and dedicating themselves to success. Globally, one out of every three pieces of automotive glass and one out of every five pairs of trainers are manufactured in Fujian. Additionally, Fujian leads in the global market share of new energy vehicle power batteries.

Inheriting and carrying forward the "Jinjiang Experience," the CPC Fujian Provincial Committee and Fujian provincial government have always believed that private enterprises and entrepreneurs "belong to our own family", and have handled matters of these enterprises as "our own," have resolved their difficulties, and have made concrete efforts to benefit them. Last year, we pioneered the strategy of building Fujian's strength through the private economy in the new era and introduced the "1 plus N" policy measures. By doing so, we aim to devote the entire province's support to the dense forest of private enterprises and the economy so that they can thrive and continue to expand in Fujian's fertile soil. We have focused our efforts on three areas:

First, we have endeavored to cultivate top-tier market entities. We have supported private enterprises in adhering to their operations and core business without relenting, and specializing in areas such as the production of shoes, paper, tea, clothing, glass and batteries. We have also encouraged them to remain committed to innovation and technological advancements and to develop more century-old brands and boutique stores, ensuring that large enterprises grow stronger and small ones flourish.

Second, we have worked to provide first-class government services. We have adhered to the principle that government services should be available wherever private enterprises operate. Utilizing both online and offline channels, we have aggregated the entire province's government big data for sharing and have fully leveraged information technology platforms. Our goal has been to provide private enterprises with efficient and integrated services, making every effort to enable tasks to be accomplished efficiently and data to be collected just once. Over 83% of services can be accessed without a single visit. In Fujian, many cities and counties follow the four principles when serving private enterprises: arriving when needed, being available on demand, delivering on promises, and providing thoughtful services. Our aim is to build a convenient Fujian with the capacity, efficiency and favorable environment to handle matters, thus ensuring successful handling. 

Third, we have redoubled our efforts to create a top-class business environment. Adhering to the principles of market orientation, rule of law, and internationalization, we have supported fair competition among various market entities and ensured their efficient access to diverse production factors and resources. We have safeguarded the property rights of private enterprises and the rights and interests of private entrepreneurs in accordance with the law, thereby enhancing the internal momentum of these enterprises and unlocking the vitality of innovation, entrepreneurship and creation.

That's all for my introduction, thank you.