• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

China’s Liu He says support for private business has not changed

September 6, 2021 by David Barret Leave a Comment

September 6, 2021

BEIJING (Reuters) – China’s Vice Premier Liu He said on Monday policies supporting the private sector would not change, state media reported, amid growing concern a crackdown on a wide range of industries was hurting businesses.

Liu said “guidelines and policies for supporting the private economy have not changed…and will not change in the future,” according to a report from Xinhua news agency.

He was speaking via video at a forum on Monday on the digital economy held in China’s northern province of Hebei.

China has launched a crackdown on a range of industries, leaving startups and decades-old firms operating in an uncertain environment and rattling investors in the world’s second-largest economy.

The private economy contributes over 50% of tax revenue, over 60% of China’s GDP and 80% of urban employment, said Liu.

President Xi Jinping has called for China to achieve “common prosperity”, seeking to narrow a yawning wealth gap that threatens the country’s economic ascent and the legitimacy of Communist Party rule.

But the implications of Xi’s policy shift remain unclear, with public disagreements from commentators in China.

An opinion piece widely circulated in state media calling the crackdowns a “revolution” was attacked by Hu Xijin, the editor-in-chief of the Global Times, a tabloid published by the People’s Daily. The reforms are about strengthening regulation and improving social governance, Hu said.

In August, a Communist Party official said that common prosperity does not mean “killing the rich to help the poor”.

China has said overly high incomes should be “adjusted”, and firms encouraged to help society. Several tech industry heavyweights have recently announced major charitable donations.

(Reporting by Gabriel Crossley and Beijing newsroom; Editing by Christian Schmollinger and Sam Holmes)

Source Link China’s Liu He says support for private business has not changed

David Barret
David Barret

Related posts:

  1. Exclusive-Apple hit with antitrust case in India over in-app payments issues
  2. Get 50B of data for just £12 a month with this unbeatable Smarty SIM only deal
  3. FTC bans spyware maker SpyFone, and orders it to notify hacked victims
  4. The only one way to tackle ransomware: Zero Trust

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Interstellar Object 3I/ATLAS May Be A 10-Billion-Year-Old Time Capsule From An Earlier Age Of The Universe
  • Restless Leg Syndrome Might Increase Someone’s Risk Of Parkinson’s Disease
  • Behold! The World’s First Butt-Drag Fossil, Committed By A Rock Hyrax 126,000 Years Ago
  • Norovirus Is Rife On US Cruise Ships – 2025 Hits 18-Year Outbreak High
  • New Species Of Tiny Glowing Lanternshark And Ghost-Like Crab Discovered In Deep Sea
  • Hairy Frog: The Wolverine Frog That Breaks Its Bones To Make Claws When Threatened
  • Move Over, Footballfish – This Deep-Sea Freak Might Just Be The Most Cursed Creature In The Ocean
  • The Strongest Magnetic Field On Earth Is Located In The US. It Measures 1,000,000 Gauss
  • Gold Literally Grows On Christmas Trees In Lapland
  • Meet The Fishing Spiders: Stealthy, Semi-Aquatic Hunters That Can Kill Prey 5 Times Their Size
  • Jupiter-Bound Mission To Snap Interstellar Comet 3I/ATLAS: “This Campaign Was Unexpected For Everybody”
  • 432 Hz Or 440 Hz? The Conspiracy Theory That All The World’s Instruments Are Tuned Wrong
  • “It Smells Really Bad”: Ancient Life Frozen In Alaska For 40,000 Years Has Been Woken Up
  • China Is Building The First “AI-Powered” Data Center In Space –Why?
  • Macroscopic Quantum Mechanics Discoverers Win Nobel Prize in Physics
  • How Much Of The Sun’s Radiation Is At Wavelengths We Can See?
  • Alcohol And Dementia Risk: There Is No Safe Level Of Drinking
  • Interstellar Object 3I/ATLAS May Have Been Caught In Perseverance Rover Photo
  • Friendly Falkland Islands “Wolf” Was Actually The Last Stronghold Of A Fox Domesticated In South America
  • Wolf-Dog Hybrid Found In Greece For First Time, Marking A New Twist In Wolves’ Return To Europe
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version