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The Importance of Private Investment in China
David Wheeler: China needs serious tax reform to collect a fair amount of resources from this booming economy. He says the government is putting more favor on public enterprises, public investment rather than private investment. But then we see something of a charm offensive coming from senior officials including Xi Jinping talking about the importance of the private sector and small and medium enterprises," he adds. "We don't inspire confidence in the private sector so we'll have to see whether there will be enough in terms of actions"