People's Daily has published an article stating that public-owned economy and non-public economy, state-owned enterprises and non-state-owned enterprises have never been antagonistic, but rather complementary. By the end of 2017, the total assets of state-owned enterprises in the country reached RMB 160.5 trillion, the total amount of taxes and fees paid accounted for 1/4 of the national fiscal revenue, and the industrial added value accounted for 1/5 of the national GDP. At the same time, about 70% of China's technological innovation, 65% of domestic invention patents and over 80% of new products come from SMEs, of which 95% are non-public enterprises.