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The guideline has greatly encouraged entrepreneurs of private enterprises and further enhanced their confidence and determination to unswervingly run enterprises well, said Zong Qinghou, chairman of beverage maker Hangzhou Wahaha Group.

The guideline pointed out that private enterprises are "an important foundation for high-quality development", which makes private entrepreneurs feel excited and a strong sense of responsibility as well.

The company will accelerate transformation and upgrading in order to achieve high-quality development with solid efforts in the future.

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