The mysterious Mr Wu and the growing threat to China's private companies

To revive the economy and survive the trade war, Beijing must stop favoring state groups

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Beijing must unlock the potential of the private sector.

In normal times, a blog post by an obscure individual should not attract much attention in China. But these are not normal times.

China's social media have been abuzz with worried commentaries since Wu Xiaoping, a self-claimed "veteran in China's financial sector," posted a blog on Sept. 11 boldly claiming that China's private sector has "basically fulfilled its task of assisting the state-owned economy in achieving its rapid development."

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