Chinese President Xi Jinping talking with the executives of middle and small-sized private enterprises at an automotive equipment company in Guangzhou on October 24. Photo: Xinhua Chinese President Xi Jinping talking with the executives of middle and small-sized private enterprises at an automotive equipment company in Guangzhou on October 24. Photo: Xinhua
Chinese President Xi Jinping talking with the executives of middle and small-sized private enterprises at an automotive equipment company in Guangzhou on October 24. Photo: Xinhua
Business /  Companies

exclusive | Can the Communist Party’s unprecedented endorsement calm the frayed nerves in China’s private sector?

  • After 40 years of experiments with capitalism, Chinese executives worry about plunging profits, state meddling and government orders that have toppled tycoons
  • The leader of the world’s biggest Communist Party declared this month that private entrepreneurs are ‘one of us,’ an unprecedented endorsement

Topic |   40 years of reform and opening up
Xie YuYujing Liu
Xie Yu and Yujing Liu

Updated: 3:07pm, 20 Nov, 2018

Why you can trust SCMP
Chinese President Xi Jinping talking with the executives of middle and small-sized private enterprises at an automotive equipment company in Guangzhou on October 24. Photo: Xinhua Chinese President Xi Jinping talking with the executives of middle and small-sized private enterprises at an automotive equipment company in Guangzhou on October 24. Photo: Xinhua
Chinese President Xi Jinping talking with the executives of middle and small-sized private enterprises at an automotive equipment company in Guangzhou on October 24. Photo: Xinhua
READ FULL ARTICLE