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The "Opinions of the CPC Central Committee and the State Council on Promoting the Development and Growth of the Private Economy" were promulgated on 20 July. A number of private enterprise figures said in an interview with China News Agency that the document is a programmatic document to support the development of the private economy. The private economy is a new force for promoting Chinese-style modernization, an important foundation for high-quality development, and an important force for. promoting China's comprehensive construction of a modern socialist power.

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