AN OLD AFFLICTION is settling on China's entrepreneurial class. It manifests itself in a cold sweat just at the mention of state-owned enterprises (SOEs), and a gnawing sensation that it is out of favour with the Communist-run government. Xi Jinping, China's leader, last month gathered private businessmen to soothe nerves and to offer a comradely cure: to take an "anxiety pill". The remedy is a staple of the Chinese socialist lexicon, a phrase doled out to reassure, usually when individual inter...
AN OLD AFFLICTION is settling on China's entrepreneurial class. It manifests itself in a cold sweat just at the mention of state-owned enterprises (SOEs), and a gnawing sensation that it is out of favour with the Communist-run government. Xi Jinping, China's leader, last month gathered private businessmen to soothe nerves and to offer a comradely cure: to take an "anxiety pill". The remedy is a staple of the Chinese socialist lexicon, a phrase doled out to reassure, usually when individual inter...
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