Chinese Vice Premier Liu He announced this week that Beijing would stand by private enterprises. But experts say the Chinese regime is merely trying to “appease” the people and raise public confidence amid recent regulatory crackdowns on domestic businesses. On Sept. 6, Liu addressed a forum via video and stated, “Guidelines and policies for supporting the private economy have not changed … and will not change in the future,” according to state-run media Xinhua. The head of the market regulator later repeated Beijing’s promise. China affairs analyst Tang Jingyuan believes that curbing private enterprises while supporting the growth of state-owned firms is “a settled policy” that will not change under Chinese leader Xi Jinping. “Liu He’s reassurances are basically targeted at public opinion,” he told The Epoch Times. Beijing has rolled out new regulations in the past months that targeted several industries such as big tech, private education, entertainment, and gaming, and punishing those …
Beijing Reassures Support to Private Firms in a Bid to ‘Appease’ Public Amid Crackdown: Experts
September 9, 2021
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