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China's private sector feeling chill of trade war amid calls for greater government support (VIDEO)

 

China’s private business entrepreneurs expect a “colder and longer” winter and want concrete policies from government to help them amid the trade war with the US, self-made billionaire Chen Hongtian says.

 

The tycoon predicts “the difficulties will be larger than expected” next year for China’s private business owners amid a domestic economic slowdown.

 

The comments underscore the deep concerns of Chinese capitalists.

 

In a bit to assuage fears, President Xi Jinping has promised that the ruling Communist Party will treat private businesses fairly and protect their interests.

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