Xi’s re­marks give boost to pri­vate sec­tor

China Daily (Canada) - - FRONT PAGE - By WU JIAO and AN BAIJIE in Bei­jing

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

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