Jack Ma’s fate and the future of China’s private businesses
Jack Ma’s fate and the future of China’s private businesses
Udumbara
0
.
China recently held a private business forum, inviting all Party-deemed “strategically important” business leaders, including the “disgraced” Jack Ma. Despite Beijing’s efforts to promote the private sector, the response from the stock market and social media has been far from enthusiastic. Investor sentiment is so fragile that a single executive’s poor posture during a speech triggered a market selloff. Welcome to the so-called revival of China’s private business sector.
.
