Healthy development of private economy essential

Despite people's growing immunity to outlandish claims of self-declared "experts", when an article by a "veteran financial industry insider" appeared online the other day, the impact was seismic.

Not because there was any unusual revelation, or anything worth a fuss, but mostly because of its eye-catching headline: "Chinese private economy has fulfilled its mission to assist development of the public economy, and should gradually fade out".

Though few people have read the article in its entirety, or even bothered to find it online, the viral, reposted screenshot highlighting that sensational headline alone was enough to take many aback.