People walk past the headquarters of the People’s Bank of China in Beijing. Photo: Reuters
People walk past the headquarters of the People’s Bank of China in Beijing. Photo: Reuters

China needs to regain trust in capital to get its economy growing again

  • The shift from ideology to pragmatism in economic management by Deng Xiaoping unleashed a boom in private entrepreneurship in China
  • However, the confidence that Chinese private entrepreneurs had in Beijing to protect their interests has somewhat weakened in the past decade

People walk past the headquarters of the People’s Bank of China in Beijing. Photo: Reuters
People walk past the headquarters of the People’s Bank of China in Beijing. Photo: Reuters
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