News Analysis
The annual legislative gathering of China’s ruling communist party concluded on March 11 without passing the private economy promotion law despite much hype in official propaganda.
Beijing Doesn’t Know What to Do With Its Private Sector, Experts Say
Communist ideology fundamentally conflicts with private ownership, but businesses bring in the money, putting regime leadership in a bind.
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Chinese Premier Li Qiang, bottom left, walks to the podium as President Xi Jinping, centre, and other senior government members look on before his speech at the opening session of the National People's Congress, or NPC, at the Great Hall of the People on March 5, 2025 in Beijing, China. Kevin Frayer/Getty Images
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