The state advances as the private sector retreats

Guó jìn mín tuì (国进民退) is an alleged phenomenon in the Chinese economy, meaning "the state advances as the private sector retreats". It is frequently mentioned in the Chinese economic growth cycle that started in 2002.

Source: Wikipedia — The state advances as the private sector retreats (CC BY-SA 4.0)

The state advances as the private sector retreats

Guó jìn mín tuì (国进民退) is an alleged phenomenon in the Chinese economy, meaning "the state advances as the private sector retreats". It is frequently mentioned in the Chinese economic growth cycle that started in 2002.

Source: Wikipedia "The state advances as the private sector retreats" · CC BY-SA 4.0

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