Friday, October 23, 2020

China’s top businesswoman accuses private sector of bribery

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China’s private companies have long enjoyed an edge over their state-owned peers, using “unscrupulous” tactics such as bribery, a prominent businesswoman said, at a time when Beijing is seeking to shore up the private sector in a slowing economy. The bold remarks on Wednesday by Dong Mingzhu, chairwoman of Gree Electric Appliances, came at a time when Chinese leaders have pledged to step up support for small and private firms vital for economic growth and job creation.

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