Author(s)

Jin Liu, Qingying Zhang

Corresponding Author

Qingying Zhang

Abstract

The Shandong Province Regulations on Promoting the Private Economy came into effect on January 1, 2026. These regulations aim to optimize the development environment for the private economy, ensure that private economic entities enjoy equal legal status, market opportunities, and development rights alongside other economic entities, and focus on the goal of building a modern industrial system during the 15th Five-Year Plan period. They encourage technological upgrades and transformation and upgrading of traditional industries, and support private economic entities in investing and starting businesses in strategic emerging industries and future industries. To promote the high-quality development of Shandong's private economy, an in-depth survey was conducted on several representative enterprises within the province. The study identified existing issues and shortcomings, proposing countermeasures and recommendations in three key areas: improving pathways for the commercialization of scientific and technological achievements, accelerating the transformation and upgrading of private enterprises, and establishing high-level scientific and technological innovation platforms. These recommendations provide valuable guidance and reference for advancing the development of private enterprises in Shandong Province.

Keywords

Shandong Province; Private Economy; Development Pathways; High-Quality Development