China's Communist Party: Private companies must be loyalChristian Fernsby ▼ | September 16, 2020
China’s ruling Communist Party is demanding a show of greater loyalty from the sprawling private sector.
China Business people must “maintain high consistency”
“We should build a backbone team of people in the private economy that can be relied on and used at critical moments,” it said.
The party also encouraged private firms to participate in reforms of state firms and the “Belt and Road” initiative, while pledging to improve the business environment for them. ■