Abstract
The rapid development of private economy has made great contributions to the cause of socialism with Chinese characteristics. In order to promote the development of private economy to a higher level, this paper analyzes the development of private economy in Guangdong Province in recent years, constructs the evaluation index system of regional private economy competitiveness from six dimensions of regional economic strength, business environment, profitability, innovation ability, development potential and corporate social responsibility, and determines the weight of each evaluation index by principal component analysis of private economy competitiveness evaluation model. The results show that the overall competitiveness of private enterprises in Guangdong Province is increasing year by year, the scores of each index are also increasing year by year, and some indexes fluctuate greatly. According to the score of each index, this paper puts forward the countermeasures to enhance the competitiveness of private economy in Guangdong Province, so as to promote the healthy and sustainable development of private enterprise economy.
Highlights
IntroductionSince the reform and opening up, the principal status of private economy in Guangdong Province has been further consolidated, which has played an important role in promoting the steady and sound development of social economy
In order to promote the development of private economy to a higher level, this paper analyzes the development of private economy in Guangdong Province in recent years, constructs the evaluation index system of regional private economy competitiveness from six dimensions of regional economic strength, business environment, profitability, innovation ability, development potential and corporate social responsibility, and determines the weight of each evaluation index by principal component analysis of private economy competitiveness evaluation model
The results show that the overall competitiveness of private enterprises in Guangdong Province is increasing year by year, the scores of each index are increasing year by year, and some indexes fluctuate greatly
Summary
Since the reform and opening up, the principal status of private economy in Guangdong Province has been further consolidated, which has played an important role in promoting the steady and sound development of social economy. The contribution rate of private economy keeps increasing, and it has become the main force to boost economic growth in Guangdong Province. This proves the rule that “Strong and prosperous private enterprises constitute a strong and prosperous nation”. It is necessary to conduct analysis on the development of private economy in Guangdong province in detail and evaluate the competitiveness of private economy in Guangdong Province in the past five years. Hu Feng (2017), Mao Yilei & Liu Zhihui (2018), Yao Haixin & Zhang Xiaoxu (2019) and Cheng Xiang et al (2020) conducted studies on high-tech listed companies, explored the mechanism that affected the competitiveness of enterprises, and constructed the influencing factor model of the competitiveness of listed companies. Taking high-end equipment manufacturing enterprises as objects, Yang Jin (2017) and
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