Table of Contents

sīqǐ: 私企 - Private Enterprise, Private Company

Quick Summary

Core Meaning

Character Breakdown

Cultural Context and Significance

The concept of the 私企 is central to understanding the story of modern China. For decades under Mao Zedong, private enterprise was virtually non-existent. The economy was dominated by state-owned enterprises (国企 - guóqǐ), which provided jobs, housing, and healthcare—the so-called “iron rice bowl” (铁饭碗 - tiě fànwǎn). The distinction between 私企 and 国企 is far more significant in China than the “private sector vs. public sector” distinction is in the West. In the U.S. or Europe, private business is the default. In China, the rise of the 私企 since the economic reforms of the late 1970s represents a monumental societal shift.

This cultural dichotomy makes the question “去国企还是私企?” (Go to a state-owned or private enterprise?) a defining career choice for Chinese graduates.

Practical Usage in Modern China

私企 is a common term used in a variety of everyday and professional contexts.

Example Sentences

Nuances and Common Mistakes