Chen Zhilie is a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), and board chairman of Guangdong province-headquartered EVOC Intelligent Technology. [Photo/cppcc.gov.cn]

Chen Zhilie, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said that China's private economy has realized high-quality growth by implementing the new development philosophy.

Chen, also board chairman of Guangdong province-headquartered EVOC Intelligent Technology, said South China's Guangdong has been playing a pioneering role in the country's reform and opening-up and has taken the initiative to explore a path for high-quality growth by rolling out supportive policies, focusing on emerging industries, and improving its business environment.

Guangdong's expenditures on research and development, number of high-tech enterprises, and regional innovation capabilities all rank the top in the country. In 2021, the province's GDP reached 12.4 trillion yuan ($1.95 trillion), helping it maintain the first place among all provincial-level regions of the country for 33 years in a row.

He said a slew of supportive measures has helped private enterprises to address the challenges brought about by the COVID-19 pandemic in the recent two years, adding that they could not have survived without the support of the Party and the government.

Chen cited Shenzhen as an example, saying that the city has blazed a path of independent innovation and development over the past years, and highlighted Huawei, China's technology giant, as an epitome of the country's self-reliance and self-improvement in science and technology.

EVOC, a private high-tech manufacturer based in Shenzhen and one of China’s major industrial internet solution providers, has been increasing expenditures on research and development to make technological breakthroughs and sharpen its competitiveness, Chen noted.

The company's annual R&D investment accounts for 10 percent of its turnover and it boasts three national technological innovation platforms, more than 1,100 authorized patents and over 1,300 non-patented core technologies, he said.

It has also led and completed major national projects related to core electronic devices, and leaped to first place in China and second place in the world in terms of market share and technological strengths in the industry where the company belongs, Chen added.