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China Signals Patriotism as Key Expectation for Entrepreneurs

  • First-ever policy to ‘spur market vitality,’ state media says
  • Xi wants to buttress the state and build ‘national champions’
People are seen resting in front of a floral flower display which reads 'patriotism' in Chinese characters in Beijing.

People are seen resting in front of a floral flower display which reads 'patriotism' in Chinese characters in Beijing.

Photographer: Tomohiro Ohsumi/Bloomberg
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The Chinese government underlined that patriotism is a core element of entrepreneurship, with official media saying it had for the first time defined what enterprise means for the world’s second-biggest economy.

The joint statement issued late Monday by the Communist Party’s Central Committee and the State Council urged entrepreneurs to advance patriotism and professionalism, as well as innovation and social responsibility. It called for stronger party guidance of entrepreneurs and for them to endorse party leaders. It also promised to create a environment where they can thrive.