China should take steps to reassure its private entrepreneurs

A wealth creation strike would undermine the goal of common prosperity

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20210913 Xi Jinping screen.JPG

A large screen broadcasts live footage of Xi Jinping delivering a speech in Beijing on June 29: Xi's call for common prosperity causes China's entrepreneurs to lose sleep. © Reuters

Minxin Pei is professor of government at Claremont McKenna College and a nonresident senior fellow of the German Marshall Fund of the United States.

These are unnerving times for China's go-getting private entrepreneurs.

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