More on Xi Jinping’s Call to Boost China’s Private Sector

I posted yesterday on Xi speaking but details were sparse.

Xinhua has since reported on Xi’s speech, really pumping up its importance.

Link is here for the full worship piece:

• Xi urges healthy, high-quality development of private sector

In brief:

• Xi Jinping called for promoting the healthy and high-quality development of China’s private sector.
• Highlighted the private sector’s broad prospects and potential in the new era.
• Emphasized the importance of confidence and consensus to support private sector growth.
• Reaffirmed the Party’s commitment to supporting both public and private sectors equally.
• Stressed equal access to resources, fair market competition, and legal protection for all economic entities.
• Encouraged removing barriers to market access, ensuring fair competition, and improving financing for private enterprises.
• Called for protecting the rights of private businesses and entrepreneurs under the law.
• Urged private enterprises to embrace entrepreneurship, patriotism, and contribute to Chinese modernization.

It even included a pic of a smiling relaxed Xi:

***

Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese premier, and Ding Xuexiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese vice premier, also attended the symposium.

This article was written by Eamonn Sheridan at www.forexlive.com.