Now in China, be patriotic or be punished
Now in China, be patriotic or be punished. The Communist Party Congress and the State council of the government have issued fresh guidelines calling for strengthening the party leadership over businesses.
The guidelines also ask entrepreneurs to operate according to virtues of patriotism and frugality. The guidelines broadly are aimed at forcing people including businessmen and journalists to be patriotic and obedient to the government and party failing which they could face punishment.
The guidelines also come in the wake of a crackdown on private firms such as HNA and Dalian Wanda which had made investments in western markets. The government feels that this is hurting the national economy. The move is also aimed at a policy reversal in which more opportunities would be given to private businesses which would gradually lead to the reduction of the role played by state run companies.
These guidelines would effectively filter out those who do not tow the party line. The guidelines also assure to protect legal rights and interests of entrepreneurs while ensuring fair competition by fighting against monopolies and regional protectionism.