Xi’s remarks give boost to private sector
In a rare move, the government released on Wednesday the full transcript of President Xi Jinping’s remarks in support of private businesses during a panel discussion with political advisers last week.
Lawmakers and political advisers from the private sector have taken them as a pledge from the top leadership to continue market-oriented reform and to protect private enterprises.
Some policy researchers also see the remarks as an effort to clarify the relationship between government officials and private businesspeople.
In the 5,000-word article, Xi says that any notion that aims to negate the private economy is wrong.
The remarks come as the private economy is experiencing difficulties and doubts over its health amid an overall economic downturn and a nationwide anticorruption drive.
Despite growth, many
small companies face difficulties in getting equal market access, such as in getting bank loans, as they compete with State-funded counterparts.
The fall of a number of private entrepreneurs found to be in collusion with corrupt officials, including some tycoons, has also come into the limelight, causing wide doubt over the private sector and its role in the country.
Yet, in his remarks, Xi pledged the government will “unswervingly” encourage, support and guide the development of the private sector.
He also stressed that government officials and private businesspeople should maintain a close-but-clean relationship free of power-for-money collusion.
Xi’s meeting with the business circle aims to send a strong signal and correct erroneous notions concerning the private sector, said Zhu Lijia, a professor of public administration at the Chinese Academy of Governance.
Contact the writers at wujiao@ chinadaily.com.cn