China Briefing by Wang Xiangwei
China’s vow to help private firms is plausible – but desperate, too
- President Xi Jinping’s promises to entrepreneurs may sound all too familiar but there is reason to believe that this time, he will try to deliver. Even so, plans to bail out highly leveraged private firms create a moral hazard
Wang Xiangwei was the Post's editor-in-chief from 2012-2015. He started his 20-year career at the China Daily, before moving to the UK, where he worked at a number of news organisations, including the BBC Chinese Service. He moved to Hong Kong in 1993 and worked at the Eastern Express before joining the Post in 1996 as China business reporter. He became China editor in 2000 and deputy editor in 2007, a position he held for four years prior to being promoted to Editor-in-Chief. He has a master's degree in journalism, and a bachelor's degree in English.