Coming up: How to characterize China's private sector?

Since 1978, when China implemented its reform and opening-up policy, the private sector has flourished, helping create China's economic miracle. In 1992, the 14th CPC National Congress established the socialist market economy. In 1993, the Third Plenary Session of the 14th CPC Central Committee stipulated that the non-public sector is also an important part of the socialist market economy.

Since the 18th CPC National Congress, the CPC Central Committee has been upholding the basic socialist system concept of "unswervingly consolidate and develop the public economy and unswervingly encourage, support and guide the development of the non-public sector". A policy system has taken shape to encourage, support and guide the private sector.

What is the developmental history of China's private sector? What are the difficulties the private sector faces? What's the meaning of "unswervingly encourage, support and guide the development of the private sector"? What are the prospects of the private sector?

This week, Closer to China presents in-depth interviews to assess China's private sector.

(CGTN)