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ItisexpectedthatprivateenterprisesinChinawillcontributeconsiderablytothecountry'sGDPtargetthisyear.Butinordertoachievethis,suchenterpriseshavetoimprovetheircompetitivenessfirst.CRI'sShenChengchenghasthestory.TheChinesegovernmenthassetagoalwhichwillseeanincreaseinfixedassetsinvestmentby16percentthisyear.Only1percentofthatinvestmentincrease,whichamountsto36trillionyuan,willcomefromgovernmentbudget.Therest,therefore,isgoingtohavetobecoveredbylocalgovernmentsandtheprivatesector.Andaccordingtobusinessleadersataprivatesectorroundtablediscussionatthisyear'sBoaoforum,iftheprivatesectorcannotraise20trillionyuanworthofinvestmentthisyear,it'sgoingtobedifficultforChinatoreachits7percentGDPtargetfor2012.So,industriesthatwereoncedominatedbystate-ownedcompaniesarenowacceptingprivateinvestments.BaoYujunistheChairmanofChina'sPrivateEnterprisesAssociation."Peopleusedtothinkthatprivateenterpriseswereunabletoentertherailwayandshippingindustries.ButIcantellyounowthatprivatecompanieshaveenteredthoseindustriesinthepast.Forinstance,GuanghuigroupfromXinjiangprovincehasbeguntheconstructionprocessfora6-hundredkilometerlongstretchofrailwayintendedfortransportingcoal."Besidesinvestmentininfrastructureindustries,BaoYujunhopesthatotherindustriesincludingthefinance,energy,telecommunications,andeducationsectorscanalsoopenuptoprivateinvestment.Baosaysthatgovernmentpolicieswillmakesuchinvestmentpossiblethisyear,duetothefactthatChinaisfacingthedualpressureofacontinueddecreaseinexternaldemandandalackofincreaseindomesticdemand.So,oncethemarketopens,thequestionthenbecomes:Arethereenoughhighqualityprivateenterprisestoundertakethetaskofaddingvaluetothoseindustries?Some25businessleadersattendingtheroundtablediscussionsbelievethatinordertogrow,privateenterprisesshouldfirstfocustheiroperationsononespecificarea.Butastheirvalueincreases,itisbetterforthemtoinvestinotherareassoastoimprovetheiroverallcompetitiveness.ShenNanpeng,theCEOofSequoiaCapital,explainsthisapproach."IwanttotakethebusinessmodelofGoogleasanexa