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PBOC Adviser’s Private Sector Reform Call Deleted on Chinese App

From bnnbloomberg.ca

A Chinese central bank adviser’s call for private sector reform was deleted from a top think tank’s social media account, a sign of how sensitive the issue is even as the ruling Communist Party vows support for the sector. People’s Bank of China adviser Liu Shijin called in a recent speech for the country to stop classifying state-owned and private businesses differently, in favor of doing so according to size or industry. He also said authorities may consider “making it clear politically” that entrepreneurs are the “precious resource of the socialist economy.” During the speech, Liu emphasized the need for a “big ... (full story)

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