China’s Xi Jinping calls for loyalty from private sector as Beijing readies for battle with US
- Xi Jinping has told the China’s private sector to unite around the Communist Party, while assuring them of their importance to the country
- Remarks underline Beijing’s efforts to align private business with party goals amid an ongoing rivalry with the US in trade and technology
President Xi Jinping has assured China’s private entrepreneurs they are a key part of the nation’s “socialist market economy”, as Beijing gears up for prolonged economic and tech rivalry against the United States.
Xi delivered the message on Wednesday to the inaugural United Front Work conference for private businesses, a day after the Communist Party released a policy ordering the private sector to help meet the nation’s strategic goals as it faces an increasingly hostile external environment.
“It is critically important to promote the healthy development of the non-public economy and the healthy growth of people in the non-public sector,” Xi was quoted as saying by the official Xinhua News Agency.
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The message underlines Beijing’s efforts to align private business with the party’s goals and increase private sector voices in policymaking.