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The Chinese state does not suppress the private sector; local officials' incentives make them work hard to help the best private companies succeed.

Drawn from what Keyu Jin said

Subjectgovernment
What this subject means

government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.

Interesting
A private bookmark. Not a position, and never counted.

What Keyu Jin actually said

Word for word, with the source under each one. They did not write this page.

  1. Keyu Jin

    Economist specialising in China's economy

    Another big misunderstanding, and a fundamental one, is that people somehow think that the state suppresses the private sector. It’s not at all as simple as that. For the most part, if we look at the local government’s incentive system, they want to help the best, private companies, which are the most promising, because it makes them look good.

    Where this was said

    Watch from 0:43:48 plays here

    ↗Keyu Jin: China's Economy, Tariffs, Trade, Trump, Communism & Capitalism | Lex Fridman Podcast #477youtube.com

    video · 1h 49m · spoken · official transcript

    All 16 korrents from this recordingthis one is 6th

Added to korrents 13 Aug 2025 · How quotes work · Something wrong? Tell us

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