China’s Xi Jinping calls for ‘no delay’ in private sector protection

In another show of support for China’s private sector, Beijing has released the details of a speech from President Xi Jinping which included vows the country would guarantee a level playing field for private firms, safeguard entrepreneurs’ lawful rights and interests, and step up efforts to solve their long-standing challenges, including overdue payments.

“The policies and measures to promote the development of the private economy must be implemented in a solid and thorough manner,” Xi said in February. “Whatever the party Central Committee has decided must be resolutely carried out – without ambiguity, delay, or compromise.”

“In recent years, governments at all levels have introduced various enterprise relief policies, yet many private businesses report limited tangible benefits,” Xi said.

“To address this, we must first enhance policy precision – grounding measures in reality and ensuring that commitments translate into concrete, substantive assistance. Moreover, all eligible enterprises of the same category should receive equal treatment.”