Chinese Business Leader Calls on CCP to Respect Market Principles

Chinese Business Leader Calls on CCP to Respect Market Principles
Yu Minhong, founder and chairman of New Oriental Education & Technology Group Inc., speaks during an interview in Chengdu, Sichuan Province, China, on June 28, 2015. VCG/VCG via Getty Images
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A Chinese business leader reportedly called on Beijing to “respect the laws of the market economy” and improve its relationship with various industries during a major finance forum on Feb. 21.

“In respecting the market economy, genuine cooperation between government and business should pursue mutual development, instead of fostering a relationship of mutual constraint,” Michael M.H. (Minhong) Yu said at the China Entrepreneurs Forum, one of the Chinese private sector’s most high-profile forums, in Yabuli, northeastern Heilongjiang Province.