Economic Affairs: Saving China's private sector

Deng Xiaoping's reforms let China's entrepreneurs make their country great again. Now they feel embattled, but the trade war is not their only worry.

For China's private sector, this should have been the best of times. It is the engine of growth - 60 per cent of gross domestic product (GDP), 70 per cent of innovation, 80 per cent of urban employment.

Yet, Chinese private entrepreneurs are racked by uncertainty about their future.

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A version of this article appeared in the print edition of The Straits Times on October 23, 2019, with the headline 'Saving China's private sector'. Print Edition | Subscribe