City Beat | As Xi Jinping pledges support for China’s private and state-owned enterprises, time is ripe for Hong Kong to find economic sweet spot
President’s recent remarks meant to cool debate on fate of private sector send clear signal for city while US-China trade war rolls on
It’s the National Day “golden week” again on the mainland, and a potential bumper season for tourism in Hong Kong.
The story began with an article titled “Going into exile in ancestors’ land” going viral over the past two weeks. It was said to have been written by the founder of a mainland finance digital platform, touching on the difficulties and unfair treatment the private sector was facing in comparison with state-owned enterprises under the central government’s ongoing deleveraging efforts.
Stressing that both private and state-owned enterprises contributed to the country, the author questioned why the former were being forced into “exile” in this land of common ancestry.
It quoted the tragic fates of two patriotic figures from ancient Chinese history: Qu Yuan of the Chu state during the Warring States Period; and Wu Zixu of the Spring and Autumn period. Both are role models of loyalty for Chinese people.