It does so by presenting the outcome of the recent Fifth Plenum, Xi Jinping’s instructions and the regulations passed by the Central Committee on Opinions on Strengthening the United Front Work of the Private Economy in the New Era and then analysing suspending the public offering (IPO) of Ant Group as the consequence of the discussion about the management of the rising contradictions within the country. By taking a close look at the processes the author argues that the decisions taken by the regulators reflect the growing tensions between bureaucratic cycles and private businesspeople and are in line with defining contradiction by the central authorities. Please download the Policy Paper here.
