An article by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on promoting the healthy and high-quality development of the country's private sector will be published on Saturday.

The article by Xi, also Chinese president and chairman of the Central Military Commission, will be published in this year's 16th issue of the Qiushi Journal, a flagship magazine of the CPC Central Committee.

The basic principles and policies of the Party and the country regarding the development of the private sector have been incorporated into the system of socialism with Chinese characteristics, and will be consistently upheld and implemented, according to the article. It emphasizes that these principles and policies cannot and will not be changed.

On the new journey of the new era, the private sector has broad development prospects and immense potential, and it is the perfect time for private companies and entrepreneurs to fully demonstrate their prowess, the article says.

Stressing the effective implementation of policies and measures to support the private sector's development, the article notes that the CPC Central Committee's decisions must be resolutely implemented without any compromise.

Private enterprises and entrepreneurs should promote the entrepreneurial spirit, focus on strengthening, optimizing and expanding their businesses, and steadfastly contribute to building socialism with Chinese characteristics and advancing Chinese modernization, according to the article.