State-Owned and Private Enterprises Dialogue Held at North Star Recycling: Forging Collaborative Innovation and Green Future Together
Coinciding with the formal implementation of the Law on Promoting the Private Sector Economy, the special session of "State-Owned and Private Enterprises Dialogue" hosted by the Qingdao Municipal Bureau of Private Economy was successfully held at the North Star Institute of Advanced Recycling Technology on the afternoon of May 20. Bureau Director Guo Zhendong attended and addressed the event, while Li Xiaofeng, Member of the Bureau’s Party Leadership Group and Deputy Director, presided over the session. Representatives from Huagong Group’s affiliated companies, Shandong Industrial Technology Institute (Qingdao), and the Qingdao Carbon Neutrality Consortium were present. Dr. Zhang Tao, Chairman and General Manager of North Star Recycling, along with other delegates participated in the event. Through field tours and roundtable discussions, participants explored pathways for high-quality development of the private economy and synergies for industrial chain collaboration.
The Standing Committee of the 14th National People's Congress passed the Law on Promoting the Private Sector Economy on May 30, which took effect on May 20, 2025.
Behind the Scenes:
Decoding North Star's Green Formula
At the event's commencement, Director Guo Zhendong and delegation toured North Star Recycling's digital exhibition hall and production workshop. During the visit, Dr. Zhang Tao, Chairman and General Manager, elaborated on the company's evolution, core technological strengths, and current industrial challenges. Guo lauded North Star's achievements in its niche sector, emphasizing its "mastery of core industry technologies" and "immense growth potential."
Roundtable Focus:
Elaborating on the Law on Promoting the Private Sector Economy
During the roundtable session, Director Guo Zhendong elaborated on key provisions of the Law. He emphasized that "the legislation provides robust legal safeguards for private sector development", urging both state-owned and private enterprises to "diligently study and implement the Law to ensure business compliance and rights protection."
Guo stressed that "the stability of SOEs and flexibility of private firms represent invaluable assets for the market economy," calling for "mutual learning and complementary strengths to actively contribute to Qingdao's socio-economic progress."
Attendees unanimously noted that "the North Star visit has reshaped perceptions of the recycling industry and reinvigorated understanding of the green economy."
Dr. Zhang Tao: "The Law explicitly guarantees equal status and innovation support for private enterprises for the first time, giving a vital boost to our technology expansion and corporate financing."
He noted North Star Recycling has partnered with multinationals like Siemens and Linde Group to export technological solutions to Europe and the Middle East, pledging to "further expand global presence leveraging legal safeguards."
Deep Synergy
Exploring Mutually Beneficial Cooperation
Representatives from Huagong Group's subsidiaries, Shandong Industrial Technology Institute (Qingdao), and Qingdao Carbon Neutrality Consortium engaged in in-depth exchanges with North Star Recycling. Discussions centered on:
🔹 Capital empowerment for green tech scaling
🔹 Resource sharing across industrial chains
🔹 Technology transfer mechanisms
Director Guo Zhendong urged to "diversify SOE-private engagement models", advocating for "enhanced collaboration to achieve complementary advantages and co-development in the marketplace."
Future Vision:
Qingdao's Leadership in Green Transition
Legally empowered and ecologically committed, the landmark implementation of the Law on Promoting the Private Sector Economy has catalyzed profound SOE-private dialogues. These exchanges not only inject new vitality into Qingdao's green energy sector but also demonstrate the resilience and innovative capacity of China's private economy under the "Two Unwaverings" policy framework. Looking ahead, North Star Recycling anticipates collaborating with state-owned enterprises as pivotal players in industrial chains. Leveraging forthcoming legal supporting measures, the company aims to co-create twin engines of "Global Tech Expansion + Localized Circular Systems", contributing Chinese solutions to global low-carbon transition while charting a new course for high-quality development.
