The China Top 500 Private Enterprises Summit 2021, hosted by the All-China Federation of Industry and Commerce (ACFIC) and the government of Central China's Hunan province, opened in the province's capital Changsha on Sept 25. 

At the summit, Gao Yunlong, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the top 500 private firms should fully, accurately and thoroughly implement the country's new development philosophy and contribute to realizing the Chinese Dream of national rejuvenation. 

Gao, who is also chairman of the ACFIC, gave six suggestions to private companies to this end, including upholding the leadership of the Communist Party of China, focusing on core technologies while moving up the value chain faster, and increasing investment into research and development while setting pragmatic goals regarding carbon peak and neutrality. He also called for greater investment for risk prevention and control, more active contributions to common prosperity, and fostering modern corporate culture.