ELI5: Explain Like I'm 5

Guo jin min tui

Okay kiddo, have you ever heard of the phrase "guo jin min tui"? No? Well, it's actually a really important concept in the country of China.

Basically, "guo jin min tui" means "the state advances while the private sector retreats". I know that might sound a bit confusing, but let me break it down for you.

In China, the government has a lot of power and authority. Sometimes, they might want to make sure that the country is doing well overall, and they might do things to help out the nation as a whole. That's where "the state advances" part of the phrase comes in - it means that the government is taking steps to make sure the country is doing well.

Now, let's talk about the "private sector retreats" part. The private sector is made up of businesses and people who work for themselves, not for the government. Sometimes, the government might think that these private businesses aren't doing things in the best way for the country as a whole. So, they might take steps to make sure that these businesses aren't doing things that go against what the government thinks is best for the country. This is the "private sector retreats" part of the phrase.

So, when you put these two parts together, "guo jin min tui" means that the government is taking steps to make sure the country as a whole is doing well, and they might do things to make sure that private businesses are doing things that help the country as a whole, too. It's kind of like a way for the government to keep things in order and make sure that everyone is doing their part to help the country.