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China’s private sector is getting a bad deal

Under President Xi, the focus is on policies favouring state-owned enterprises

By George Magnus  

Photo: Mikhail Klimentyev/Tass/PA Images

During 2018, private companies in China, the mainstay of the country’s economic resurgence in the last decades, have been hit by a slump in the stock market, the ongoing credit crunch and the trade conflict with the US. Beijing has taken measures to help them, but entrepreneurs have concerns that run much deeper—namely that the government’s industrial and economic focus on the state sector is at their expense.

The “Communist” element of the Chinese Communist Party was abandoned many years ago.…

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