How China’s smaller private firms may be paying the price for huge local government debts

How China’s smaller private firms may be paying the price for huge local government debts

Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for…

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Opinion | Easing fear of making mistakes can help boost China economy

Opinion | Easing fear of making mistakes can help boost China economy

If any more evidence were needed of a sense of urgency about the revival of China’s economy, it has come from the latest meeting of the Politburo, chaired by President Xi Jinping. The top decision-making gathering waived punishment for bureaucrats and officials who make mistakes in well-intended initiatives to boost the economy through inexperience, inadvertent…

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