Xi Jinping tries to reassure China’s private firms of their place in nation’s economic development

Source: South China Morning PostPresident Xi Jinping has sent a strong message to the nation’s private sector amid rising concerns about the government’s oversight intentions, declaring that they can develop their businesses “boldly and with confidence”.“We encourage the development of private businesses. When they encounter difficulties, the [Chinese Communist] Party and the state will support them. And when confusion arises, guidance will be offered, with the hope that they can develop boldly and with confidence,” Xi said…Read More

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