Wang Xiangwei
Wang Xiangwei
Opinion

SCMP Columnist

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

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