Since the reforms and opening-up, the private economy of China has started to grow in strength and has been maintaining a sustained, rapid and steady trend for development. In recent years, the contribution rate of the private enterprise to the increase of China's GDP is over 60%. The private industry has formed a rather strong economic force, having become an important component of the socialist market economy of China. China is carrying out an all-round opening to the private enterprises in the fields of infrared structure construction, market permit and enterprise financing. All this provides good policy environments for the private enterprises in China.

For strengthening the ties between our private enterprises and foreign enterprises and for raising the competition ability in the world market, China is to organize 10-20 representative private enterprises in China to visit Korea. They will visit the relevant economic organizations in Korea, make a survey of the representative enterprises in Korea and carry out exchanging activities with the Korean entrepreneurs.

China's successful entry into the WTO, China 's implementation of the strategy to develop the Western Area, the strategic reform of the state economy, and the strategic readjustment of economic structure -- all this has provided a broad space for the development of private economy. Therefore, the private economy is facing an unprecedented opportunity for development and a severe challenge as well.

The economic and trade relations between China and Korea are mutually complementary and the bilateral economic cooperation has been very active. Besides, Korea , as an Asian country developed in economy, has a lot for our entrepreneurs to learn from. As it happens that this year is the 10th anniversary of the establishment of the diplomatic relations between China and Korea, we have planned to carry out broad economic exchange activities between the two countries, popularizing our economic policy on the one hand and learning the advanced experiences from other countries on the other for the simple reason of achieving the purpose of mutual benefits. In June this year, we'll take our private entrepreneurs to Korea to survey their local enterprises, to hold symposium with the Korean people in the economic circles, to introduce to them the economic development in our country, and to further explore how to form stable and lively bilateral economic cooperation relations between the two countries.