China's President Xi Jinping speaks at the China International Import Expo in Shanghai. Photo: Reuters
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Xi’s sudden embrace of private firms can’t solve China’s economic problems

  • This is no conversion to free market principles
  • With the state sector overleveraged, the Chinese president is looking elsewhere for a growth boost – but the idea just doesn’t add up

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China's President Xi Jinping speaks at the China International Import Expo in Shanghai. Photo: Reuters
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