Economic Support for Private Enterprises May Come with Political Commitments

Key Takeaways

• Amid growing economic headwinds, state planners have pledged to increase support for the private sector.
• At the same time, China is ramping up its party building campaign for private enterprises to guide them toward priority areas.
•  New high-level plans underscore the importance of both initiatives, but there is a long lead time for the transition from rhetoric to policy.