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Hong Kong
CNN
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After years of regulatory crackdowns and draconian Covid curbs, private entrepreneurs in China are low on enthusiasm. The Chinese government is resorting to surprising measures to restore their confidence, but the campaign has inspired more nervousness than optimism.
The province of Hainan, an island that Beijing plans to turn into the world’s largest free trade port, rolled out a sweeping package of initiatives late last month intended to support the private sector. The most eyebrow-raising was a pledge from the provincial government not to target private businesspeople without cause.
“For those entrepreneurs involved in criminal cases, [authorities] should not arrest them if it’s not necessary, should not prosecute them if it’s not necessary, should not give them jail terms if it’s not necessary,” it said in a statement. “If it’s also not needed to…
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