China’s ruling Communist Party aims to promote a sound and orderly market economy and healthy capital development. Photo: Getty Images
China’s ruling Communist Party aims to promote a sound and orderly market economy and healthy capital development. Photo: Getty Images

China will ‘unwaveringly’ back private sector but scrutiny to stay, Communist Party congress spokesman says

  • All eyes are on the 20th party congress for signals on the way forward for a private sector hard-hit by the pandemic and regulatory crackdowns
  • Party recognises positive role of capital but must prevent unregulated expansion, congress spokesman asserts on eve of event

China’s ruling Communist Party aims to promote a sound and orderly market economy and healthy capital development. Photo: Getty Images
China’s ruling Communist Party aims to promote a sound and orderly market economy and healthy capital development. Photo: Getty Images
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