October 21, 2018 / 8:27 AM / a year ago

China's Xi says acts to deny or weaken private economy is wrong - Xinhua

FILE PHOTO: Chinese President Xi Jinping speaks during a meeting with Russia's Chief of Staff of the Presidential Executive Office Anton Vaino, unseen, at the Great Hall of the People in Beijing Wednesday, October 17, 2018. Madoka Ikegami/Pool via Reuters

BEIJING (Reuters) - China’s President Xi Jinping said any comment or behaviour that seeks to deny or weaken the private economy is wrong and that the ruling Communist Party will always support private firms’ development, the official Xinhua news agency reported on Sunday.

The report quoted a letter by Xi to private entrepreneurs, which also said the role of the private economy is unquestionable.

Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger

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