important to note this is not the entire economy but just the top 100 firms.
looking at things as a whole, the capitalist sector is about 60% of GDP and 80% of urban employment.
https://news.cgtn.com/news/2024-01-07/Private-sector-development-to-keep-Chinese-economy-afloat-in-2024-1q8Vty953oY/p.html
important to note this is not the entire economy but just the top 100 firms.
looking at things as a whole, the capitalist sector is about 60% of GDP and 80% of urban employment.
https://news.cgtn.com/news/2024-01-07/Private-sector-development-to-keep-Chinese-economy-afloat-in-2024-1q8Vty953oY/p.html
it's still good news.
I didn't miss that subtlety. Thank you for mentioning that!