A special research team organized by the Committee on Economic Affairs of the Chinese People's Political Consultative Conference (CPPCC) National Committee and the Central Committee of the Revolutionary Committee of the Chinese Kuomintang (RCCK) conducted a survey on strengthening the digital transformation of small and medium-sized enterprises (SMEs) in East China's Zhejiang and Anhui provinces, from March 20 to 25.

Led by He Baoxiang, vice-chairman of the CPPCC National Committee, the research team visited industrial parks and enterprises in Hangzhou and Jinhua of Zhejiang and in Hefei and Wuhu of Anhui, to learn about the current situation of the digital transformation of local SMEs.

The team also held seminars and exchanged ideas with relevant governmental departments and entrepreneurs, and put forward suggestions on solving problems faced by SMEs in digital transformation.

He, also executive vice-chairman of the RCCK Central Committee, said that over the past 40-plus years since the start of reform and opening-up, the private economy has contributed over 50 percent to China's tax revenue, 60 percent of the country's GDP, 70 percent of technological innovation achievements, and over 80 percent of urban employment.

Over 90 percent of China's enterprises are privately owned and more than 90 percent of private enterprises are micro, small and medium-sized.

He noted that the statements on the healthy and high-quality development of the private economy made in the report to the 20th CPC National Congress have clearly highlighted the direction for promoting the transformation of SMEs. Vigorous efforts must be made to promote SMEs' digital transformation in a bid to boost the integration of the digital economy with the real economy, and accelerate the country's high-quality economic development.