Xi Jinping's Dilemma: Embracing Private Sector’s Power While Keeping It in Check

In recent months, Chinese President Xi Jinping has signaled a notable shift in his approach to the private sector, reflecting a more conciliatory standpoint aimed at bolstering economic growth. However, beneath this seemingly progressive surface lies a nuanced strategy to maintain the Communist Party’s strict control over the economy and its key players. This balancing act raises questions about the longevity and sincerity of this newfound embrace of the private sector.

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