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Another False Dawn for China’s Private Sector?

First published: The Wire China, 13-08-2023

There’s usually a serious message when the Central Committee of the Chinese Communist Party (CCP) and the State Council jointly publish a document, as they did just over two weeks ago. Dedicated to the development and expansion of China’s private economy, this particular document’s release came hard on the heels of data showing that the much hoped for economic recovery in China this year had stalled, or become ‘tortuous’ as the Politburo later said.  No one would dispute that restoring confidence and dynamism to the private sector makes sense, but Beijing has said this before. Will this time be different? Read on……