Xi Jinping tells entrepreneurs ‘east wind’ will carry China above rivals
The president evoked a Mao Zedong slogan to reiterate his confidence in China’s economic triumph at a high-profile meeting on the private sector
President Xi Jinping has reiterated his view of China’s inevitable rise – a belief that continues to drive policymaking at the highest level – at a closely watched symposium with prominent entrepreneurs, held to boost private-sector morale and shore up economic momentum.
“In the long term, the east wind is still prevailing … confidence is very important,” he said, echoing a slogan from Mao Zedong, founder of the People’s Republic of China.
In the 1950s, the revolutionary leader adopted a phrase from classical literature, “the east wind prevails over the west wind”, to proclaim the eventual victory of socialism over capitalism.
Stressing the Chinese economy’s size and resilience, Xi said “there is no other place that compares” anywhere on the globe.
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