公有制为主体、多种所有制经济共同发展 meaning in Chinese

public ownership is dominant and different economic sectors develop side by side

In line with the requirements of releasing and developing the productive forces , we must uphold and improve the basic economic system , with public ownership playing a dominant role and diverse forms of ownership developing side by side
根据解放和发展生产力的要求，坚持和完善公有制为主体、多种所有制经济共同发展的基本经济制度。
While adhering to and improving our basic economic system in which public ownership plays the dominant role and diverse forms of ownership develop by its side , we will unswervingly consolidate and develop the public sector of the economy , and unswervingly encourage , support and guide the development of the individual , private and other non - public sectors of the economy
坚持和完善以公有制为主体、多种所有制经济共同发展的基本经济制度，毫不动摇地巩固和发展公有制经济，毫不动摇地鼓励、支持和引导个体、私营等非公有制经济发展。