In a first of its kind, a just-released report on the private sector by the All China Federation of Industry and Commerce, the authors analyze the state of private sector across the whole of China and call for policies to improve the quality of the private sector, rather than merely encourage growth.
The private sector in the report is defined in the narrower sense of not including foreign-invested companies, including investors from Hong Kong and Macau.
It does include collective enterprises, small, uncorporatized businesses, individually invested corporatized enterprises and partnerships.
Significantly, the report concludes that the private sector offers a firm basis for the creation of a 'xiao kang',...
