Growth momentum in the private sector has slowed significantly during the pandemic and as a result of ideological debates in recent years. Photo: Bloomberg
Growth momentum in the private sector has slowed significantly during the pandemic and as a result of ideological debates in recent years. Photo: Bloomberg

China’s wary private sector takes wait-and-see attitude after Beijing pledges ‘unwavering support’

  • China’s top leaders devoted large parts of their central economic work conference readout to pledge ‘unwavering support’ for the private economy
  • But reaction from entrepreneurs has been tepid and analysts say authorities must immediately take action to revive confidence in the private sector

Growth momentum in the private sector has slowed significantly during the pandemic and as a result of ideological debates in recent years. Photo: Bloomberg
Growth momentum in the private sector has slowed significantly during the pandemic and as a result of ideological debates in recent years. Photo: Bloomberg
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