Private enterprise

A man poses for a picture while visiting the Bund promenade along the Huangpu river in Shanghai, China, on 13 February 2024. (Hector Retamal/AFP)

China's private entrepreneurs labelled 'unpatriotic' by netizens

Lianhe Zaobao correspondent Yang Danxu notes that the recent public outcry against the heads of two prominent private enterprises for apparent transgressions in the name of “patriotism” does not bode well for the authorities’ efforts in support of the private sector.
Shipping containers and gantry cranes at the Yantian International Container Terminals, operated by CK Hutchison Holdings Ltd.'s Hutchison Port Holdings Trust (HPH Trust), in Shenzhen, China, on 16 January 2024. (Shen Qilai/Bloomberg)

The true state of China's economy: Capital flight, domestic consumption and US sanctions (Part 2)

In part two of his article taking stock of the Chinese economy and assessing bright spots and challenges in 2024, Chinese economist Yao Yang focuses on the key factors of increasing investment without distinguishing between foreign and domestic capital, and the inability of the US to limit China’s technological development.
Cheng Yong was the largest shareholder of Changzhou Huali Hydraulic Lubrication Equipment Co Ltd. (Internet)

Death of a Chinese entrepreneur sparks controversy over discipline authorities’ methods

The death of a Chinese businessman who was under questioning by the discipline inspection commission has garnered widespread attention. The public is asking, why did the private entrepreneur kill himself? Did the questioning and authorities put too much pressure on him? Was his confession coerced? Lianhe Zaobao China Desk looks into the matter and how the incident will affect the private entrepreneur community.
An employee works on a large construction equipment at a factory in Haian, Jiangsu province, China, on 16 October 2023. (AFP)

China’s family-run businesses face succession issues

China's economic boom has driven the flourishing of private entrepreneurship and led to the emergence of tens of millions of family businesses in the country. But many of these businesses are facing a challenge now: who will be their successor? Caixin journalists tell us more.
People ride a small train for children on a street in Guangzhou, Guangdong province, China on 16 September 2023. (Hector Retamal/AFP)

Why China’s population policies always veer towards the extreme

China’s population policies have had a tendency to veer towards the extreme since the era of Mao, says commentator Yu Shiyu. A delayed response to adjusting the one-child policy, which has resulted in a declining population and is expected to have an adverse economic impact, demonstrates the inefficiency of an authoritarian system in self-correcting. Its decision making could also swing between extremes as it is based on subjective top-level thinking.
A person works at a residential building construction site in Beijing, China, on 6 September 2023. (Tingshu Wang/Reuters)

Chinese property market: Second wind or brief respite?

Over the last two years, the Chinese property market suffered a downturn and this has had a knock-on effect on the country’s economy. In recent weeks, the government has loosened restrictions and rolled out policies to make it easier for the public to buy houses and to boost property sales. Is this a turning point for the Chinese property market? Will the government’s mantra that “houses are for living in, not speculation” take a back seat henceforth? Zaobao correspondent Yu Zeyuan reports.
People ride elevators at a shopping street in Beijing, China, on 16 June 2023. (Florence Lo/Reuters)

Crisis of trust underlies Chinese private sector's unwillingness to invest

Erratic and unreasonable governance of local governments and a shift in public opinion towards left-wing ideology are just some of the causes for the private sector’s lack of confidence in China, says academic Han Heyuan. Even with the latest measures to boost the sector, government efforts seem to fall short of expectations.
People wait for traffic lights at the central business district in Beijing, China, on 23 July 2023. (Jade Gao/AFP)

Why are private enterprises reluctant to invest in China?

China’s return to being politics-centric is the fundamental cause for the private sector’s reluctance to invest in the country and the slow growth in the Chinese economy. Economist Chen Kang gives his analysis.
People walk in a shopping district in Beijing, China, 14 July 2023. (Thomas Peter/Reuters)

China needs a new model of economic development to revive the economy

Over the past four decades, China’s economic growth has been mainly driven externally by exports and internally by investments. But China can no longer count on exports to drive economic growth. Thus, the country is seeking to boost domestic demand. Academic Gu Qingyang shares that China needs a multi-prong approach, which would require a significant transformation of the economy.