China Needs Private Sector to Be Strong 'More Than Ever,' Hong Says

Grow Investment Group’s Hao Hong comments on the summit between China’s President Xi Jinping and leading private sector executives. Hong says Beijing is trying to help the private sector but “the signals from these meetings can be fleeting.” He adds that Chinese stocks have seen a “good rebound” but a lot more needs to be done to help the economy. He speaks on Bloomberg Television. (Source: Bloomberg)