China’s Xi Jinping Calls For Loyalty From Private Sector As Beijing Readies For Battle With US
President Xi Jinping has assured China’s private entrepreneurs they are a key part of the nation’s “socialist market economy”, as Beijing gears up for prolonged economic and tech rivalry against the United States. Xi delivered the message to the inaugural United Front Work conference for private businesses, a day after the Communist Party released a policy ordering the private sector to help meet the nation’s strategic goals as it faces an increasingly hostile external environment.
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