private firms

China’s top planner vows to help private firms ‘conquer difficulties’ to boost economy

by
China’s top planner vows to help private firms ‘conquer difficulties’ to boost economy

China’s top economic planner has reassured private entrepreneurs it will “spare no effort” to help companies “conquer difficulties”, in Beijing’s latest move to revive the economy. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), hosted a meeting on Friday with representatives from several private companies to learn about business conditions, problems they … Read more

China’s economy ‘is full of hope’, but market reforms key to healthy, sustainable foundations

by
China’s economy ‘is full of hope’, but market reforms key to healthy, sustainable foundations

Unswerving market-oriented reforms would be key for China’s upcoming third plenum, said a former senior official with Beijing’s top economic planner. “China’s economic reform has been going on for 45 years, and this year marks the 46th year, and the most important core issue is reconciling the relationship between the government and the market,” said … Read more

Chinese scholars suggest official line between entrepreneurs, capitalists to jolt private-sector spirit

by
Chinese scholars suggest official line between entrepreneurs, capitalists to jolt private-sector spirit

The term “capitalist” holds derogatory connotations in China, an officially socialist country whose constitution upholds public ownership as the “mainstay” of the economic hierarchy. While private property rights were enshrined in a 2004 amendment to the country’s founding document, the non-state sector has remained relegated to a supporting role. In a recently published book, Views … Read more