In a sign that the pro-business stance is coming right from the top, the People’s Daily, the official newspaper of the Communist Party, ran a front-page article on Sunday titled “The key is to boost confidence”. It quoted Mr Xi in the article saying: “I have always supported private enterprises, and I also worked in places where the private economy is relatively developed.” The ruling party’s leader in Zhejiang province in eastern China also visited Alibaba Group’s headquarters on Sunday, urging the company to promote development and global competition. Traders on Monday weighed up the pro-business tone from officials against...