Communist Party newspapers echo Xi Jinping’s call for promotion of private sector

Two high-profile Chinese newspapers linked to the Communist Party published editorials on Thursday voicing support for the private sector and advocating the creation of a favourable business environment to drive the growth of private enterprises.

“The greater the difficulties and challenges we encounter, the more determined we must be to implement policies and measures that support the development of the private economy,” the People’s Daily editorial said. “This will unlock more opportunities and open up broader prospects for the growth of China’s private sector.

“As long as we steadfastly implement the central government’s decisions, we will undoubtedly create a more favourable environment for the high-quality development of the private economy and inject greater momentum into its growth.”

The Economic Daily said that a society governed by the rule of law provides the best environment for business.

“In the face of market competition, what private enterprises worry about is never how fierce the competition is, but whether the playing field is fair,” it said. “What they seek boils down to four words: equal treatment for all.”