China needs to win back business
Minxin Pei
Bloomberg
Chinese vice-premier Liu He left a “strong impression” at Davos with assurances that “China is back”, says Minxin Pei. Few Western CEOs can “afford to miss out on China’s anticipated 5.5% GDP growth in 2023”. However, Chinese entrepreneurs, who have “suffered years of increasingly statist policies and arbitrary crackdowns”, are the ones who matter, as their scepticism could “derail” the recovery. China’s private sector plays a “far more crucial role” in the economy than
