Beijing's Interference Stymies China's Private Sector

China's economy is struggling with declining exports, falling real estate prices, and lack of consumer confidence after years of lockdowns.
Private businesses have lost confidence and cut back on investing due to Beijing's hostility and interference.
In desperation, Beijing is trying to encourage private business participation by establishing a new government bureau to coordinate and monitor them.
However, more government oversight is what damaged business confidence in the first place.
Beijing seems unable to recognize that less interference, not more bureaucracy, is needed to inspire private sector confidence and growth.

forbes.com

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Posted 10/2/2023, 4:15:45 PM

Beijing's Interference Stymies China's Private Sector

China's economy is struggling with declining exports, falling real estate prices, and lack of consumer confidence after years of lockdowns.
Private businesses have lost confidence and cut back on investing due to Beijing's hostility and interference.
In desperation, Beijing is trying to encourage private business participation by establishing a new government bureau to coordinate and monitor them.
However, more government oversight is what damaged business confidence in the first place.
Beijing seems unable to recognize that less interference, not more bureaucracy, is needed to inspire private sector confidence and growth.

forbes.com

Relevant topic timeline:

8/30/2023

Is China's economy 'a ticking time bomb'?

9/18/2023

China's private firms face uphill battle despite government support

9/18/2023

China Suppresses Negative Economic News, Reducing Transparency and Hurting Investor Confidence

China's government has been less transparent and tolerant of bad economic news, leading to concerns about the country's economic stability and potential risks for investors.

10/4/2023

China's Economic Recovery at Risk Without Major Reforms, economists warn