The paper analyzes multiple data sources to demonstrate that the group of Chinese entrepreneurs keeps the momentum of sustainable growth. The notion that “State-owned enterprises gain，private businesses retreat” is an inaccurate description. The paper also examines Chinese entrepreneurs personal wealth，political participation and their social impact. Further，the paper also provides an update on the new laws and regulations on private businesses and Chinese entrepreneurs. Statistics show that，in recent years，private sector outpaced state-owned enterprises. And private businesses，with their increasing strength and influence，have become an important part of our national economy. Although some state-owned enterprises still dominate several key industries，many indices show that their influence is declining in the whole national economic system.