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A Study on the Chinese Communist Party’s Policies on the Private Sector during the Xi Jinping Era

  • Journal of Asia-Pacific Studies
  • Abbr : JAPS
  • 2021, 28(4), pp.5-37
  • DOI : 10.18107/japs.2021.28.4.001
  • Publisher : Institute of Global Affairs
  • Research Area : Social Science > Social Science in general
  • Received : November 3, 2021
  • Accepted : December 3, 2021
  • Published : December 30, 2021

Yoon, Taehee 1

1서울대학교 국제학연구소

Accredited

ABSTRACT

Based on the analysis of the Chinese Communist Party(CCP)’s policy on the private sector during the Xi Jinping era, the article asserts the following arguments. During the Xi Jinping era, the CCP proposed a series of policies to foster and improve the status of the private sector while endeavoring to expand its influence in the private sector through the Party building and United Front work. In addition, the CCP intended to change the way of interaction between the state and private entrepreneurs by suggesting the New Type of Government-Business Relationship. In this context, the CCP achieved the quantitative growth of the private sector, expansion of Party organizations in the private sector, political consensus with young private entrepreneurs, and new ways of mutual interaction between government officials and private entrepreneurs. However, government officials’ complacency after the proposal of the New Type of Government-Business, securing a loan for the private sector, and the issues over the US-China trade conflict and COVID-19 are the tasks that require further consideration in the policies for the private sector.

Citation status

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