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
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
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40 years of reform and opening up
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