Economics
Xi Vows ‘Unwavering’ Support for Private Sector After China Rout
- Top financial officials are urging for calm as markets tumble
- China’s quarterly economic growth was the weakest since 2009
This article is for subscribers only.
Chinese President Xi Jinping vowed “unwavering” support for the country’s private sector, the latest response from Beijing to concern over the outlook for the economy.
“Any words and practices that negate and weaken the private economy are wrong,” Xi said in a letter to private entrepreneurs, Xinhua News Agency reported Sunday. “Supporting the development of private enterprises is the Party Central Committee’s consistent policy,” Xi said.