Left­ist call riles me­dia, public

Ad­vo­cacy for death of pri­vate sec­tor draws reper­cus­sions

Global Times - - Front Page - By Deng Xiaoci

A Chi­nese com­men­ta­tor’s rare call for the slow death of the pri­vate sec­tor and a re­turn to a full State-run econ­omy was met with the full force of State me­dia and Chi­nese ex­pert out­rage on Wed­nes­day.

Wu Xiaop­ing, founder of Hangzhou-based Miyun Tech­nol­ogy Limited, ad­mit­ted to be­ing the anony­mous au­thor of an on­line ar­ti­cle in Bei­jing­based news and in­for­ma­tion con­tent plat­form Jinri Toutiao head­lined “The pri­vate Chi­nese econ­omy has com­pleted its task of as­sist­ing the de­vel­op­ment of the public econ­omy, and should grad­u­ally wither away,” ac­cord­ing to screenshot images of The Bei­jing News on Tues­day.

The ar­ti­cle caused a mas­sive splash on Chi­nese so­cial me­dia be­fore be­ing deleted.

Changan­jian, a pop­u­lar We­me­dia fo­cus­ing on China’s pol­i­tics and law, lam­basted Wu on Thurs­day.

To drive out the pri­vate sec­tor was to jeop­ar­dize the coun­try’s em­ploy­ment, “as over 80 per­cent of jobs and 90 per­cent of new jobs come from the pri­vate sec­tor,” the ar­ti­cle said.

Once the pri­vate sec­tor ceased to ex­ist, half the coun­try’s schools and hos­pi­tals would also dis­ap­pear, and the coun­try’s econ­omy would be re­duced to what it was be­fore 1978, the first year of re­form and open­ing-up, ar­gued the ar­ti­cle.

Wu de­clined to re­spond to the bar­rage of dis­agree­ment with his ex­treme left­ist opin­ion, news web­site ifeng.com re­ported on Thurs­day.

Wu’s propo­si­tion equates to turn­ing back the clock and those who sup­port such a voice would be “the coun­try’s and the peo­ple’s en­e­mies,” Changan­jian said.

Wu’s voice is “com­pletely out of line with the coun­try’s pol­i­cy­mak­ers,” and the pri­vate sec­tor is strictly pro­tected by Chi­nese Con­sti­tu­tion, Zhu Boshan, gen­eral man­ager of Shang­hai Tac­ter In­vest­ment Con­sult­ing, told the Global Times on Tues­day.

Such back­ward thoughts would hurt Chi­nese en­tre­pre­neur­ial con­fi­dence and pro­voked re­ac­tionary ideas against re­form and open­ing-up, Huang Weip­ing, an eco­nom­ics pro­fes­sor of Ren­min Univer­sity of China, told the Global Times.

The Peo­ple’s Daily said in an ed­i­to­rial on Thurs­day that the pri­vate econ­omy will “only be en­larged, not quit the stage.”

The pri­vate sec­tor now con­trib­utes more than 60 per­cent of China’s GDP growth and brings in over half of China’s fis­cal rev­enue, ac­cord­ing to Gao Yun­long, head of the Al­lChina Fed­er­a­tion of In­dus­try and Com­merce, Xin­hua News Agency re­ported in March.

More than 60 per­cent of China’s fixed-as­set in­vest­ment and out­bound in­vest­ment was made by pri­vate in­vestors, Gao told a press con­fer­ence on the side­lines of the first ses­sion of the 13th Na­tional Com­mit­tee of the Chi­nese Peo­ple’s Po­lit­i­cal Con­sul­ta­tive Con­fer­ence, Xin­hua re­ported.

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