China needs a rules-based business environment so entrepreneurs can thrive
Hu Shuli says government-business collusion has sapped the private sector of its verve, and this must change by insisting on the rule of law
A new wave of enthusiasm for entrepreneurship has hit China. Over the years, corruption has undeniably dented our economy, as can be seen in the dirty deals uncovered by the anti-graft campaign now taking the country by storm.
This much is clear: to nurture a new generation of entrepreneurs, we need a society based firmly on the rule of law.
Early this month, President Xi Jinping told senior officials attending a Central Party School workshop on the rule of law to set a good example by respecting the constitution themselves. All are equal before the law, he said, and leading party members must never breach the legal boundaries.