Next China: Still Open for Business (Really)

The regulatory environment in China seems to be in constant tumult, but Beijing is trying to convince the world its support for private business and foreign investment remains intact.

Vice Premier Liu He, President Xi Jinping’s top economic adviser, said in a speech Monday that policies supporting the private sector “don’t change now and will not change in the future.” The People’s Daily, the Communist Party’s flagship publication, followed Wednesday with a front-page editorial that stressed opening to the outside world “will not waver at any time.” Those pronouncements came after Xi pledged late last week to continue opening China to foreign investment.