Xing added that equality doesn't always apply to the private sector, despite being promised by the Party report.
Zong Qinghou, chairman of the Hangzhou Wahaha Group in Zhejiang Province, a leading beverage company, told the Global Times that he expects officials to shift away from the priorities given to SOEs.
Zong also calls for equal chances for the private sector.
"It's make-or-break," said Zong, adding that the government should change its attitude toward private enterprises, and apply lighter taxation to encourage private investment.
The central government has introduced a set of regulations to support private sector's involvement and encourage investment in several industries, said Wang Lina, a researcher with the Institute of Economics under the Chinese Academy of Social Sciences (CASS).
"But the policies are not well implemented, and major industries such as petroleum are still shutting them down," she remarked.
Obstacles ahead
According to an earlier report by China Enterprise News, the top three concerns among Chinese private enterprises are hefty taxation, limited financing and the security of personal assets.
Financing limitations forced Sun Dawu, chairman of the eponymous Dawu Agricultural and Pastoral Group in Baoding, Hebei Province, to turn to loans from private investors, which is illegal under Chinese law and resulted in him receiving a three-year suspended jail sentence in 2003.
Beijing experiences windy weather, temperature drop
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