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Wen Jiabao Denies that the Private Sector Is Declining

On March 14, 2011, after the closing of the Fourth Session of the National People’s Congress in Beijing, China’s Premier Wen Jiabao told Chinese and foreign reporters at a press conference that “there is no instance where state-owned enterprises are advancing while private ones are declining.” He supported his statement by enumerating two State Council papers issued in 2005 and 2010 respectively, although he acknowledged that “implementation was inadequate.” At the same time, Wen emphasized “although the percentage of the state-owned economy is lower, it still holds the country’s economic lifeline.” Days earlier, on March 10, 2011, Wu Bangguo, Chair of National People’s Congress, had emphasized in his report that China will never adopt privatization of the economy.

Source: China News Service, March 14, 2011