While unwaveringly consolidating and developing the public sector of the economy, we must unwaveringly encourage, support and guide the development of the non-public sector of the economy and inspire its vitality and creativity, Economic Daily reported.

An article on the social media created a splash. It said that the private economy has preliminarily completed the important historical task of assisting the public economy to realize development, and should not continue to expand, since it is undisciplined, with no foresight and incapable of facing the increasingly severe international competition, 

This kind of demagogic rhetoric aims to hype cyber sentiments, with ulterior motives.

Against such background, Economic Daily confirmed that non-public sector plays a crucial role in China’s economic development and allowing diverse sectors of the economy to develop side by side will be a fundamental economic system China will adhere to for a long time.