Xi encourages private firms to overcome difficulties

Chinese President Xi Jinping on Saturday encouraged private firms to overcome difficulties and embark on new development path.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks when joining a panel discussion attended by national political advisors from the economic sector.

It is quite remarkable for the private sector to have grown into such a scale and made such great contributions to socialism with Chinese characteristics, Xi said.

He said that private firms should tackle specific challenges of different periods, encouraging them to keep on exploring and forging ahead.