Chen Zhao, Vice Dean of the School of Economics at Fudan University, emphasized at the "Great Powers・Economy" series of events, "It is necessary to re-understand the status of private enterprises and further create a good business environment." He also highlighted the importance of maintaining a high level of openness to the outside world. "For example, the development of private enterprises in the autos industry is primarily due to openness. After opening up, foreign enterprises entered and conducted a large amount of local procurement, which cultivated a very developed upstream parts manufacturing sector in the autos field. This allowed private entrepreneurs, like Li Shufu who used to repair motorcycles, to now manufacture cars, which would have been unimaginable without this openness. This is a story of technology enhancement brought to us by openness." (Rui Jian)
中国经济信心来自哪里？陈钊：一靠民营企业，二靠对外开放
Where does the confidence in the Chinese economy come from? Chen Zhao: Firstly from private enterprises, and secondly from opening up to the outside world.
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