OpinionThinking About China

Can Communists Support Free Enterprise?

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Can Communists Support Free Enterprise?
Chinese police officers watch a cargo ship at a port in Qingdao in China's eastern Shandong Province on March 8, 2018. AFP/Getty Images
Christopher Balding
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Commentary

Despite Chinese Communist Party (CCP) propaganda, few believe the politicized gross domestic product (GDP) data, which claim growth of more than 5 percent in 2023 and aim for similar growth in 2024. One of the numerous reasons cited for slowing Chinese growth stems from the years-long crackdown on private enterprise in China.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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