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Private Chinese companies worry Beijing is more focused on big state firms

'Private firms provide most jobs and stable taxes, that's why the state needs to stabilise the private sector'

Reuters  |  Beijing 

An unprecedented convergence of economic stresses this year is weighing on China's once vibrant private sector, compelling some entrepreneurs to question the effectiveness - and true intent - of Beijing's policies. Some of the millions of struggling private firms are worried Beijing is more focused on supporting giant state-owned enterprises (SOEs), even as China celebrates the 40th anniversary of landmark economic reforms that rekindled entrepreneurship in the communist country. In a meeting with entrepreneurs aired on national TV last week, President Xi Jinping threw ...

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First Published: Tue, November 06 2018. 04:40 IST