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:
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:
![china xi 18 February 2025 2](https://images.forexlive.com/images/china%20xi%2018%20February%202025_id_f345bcdc-9cef-4f22-b6ea-400137f73286_original.jpg)
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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.