Chinese President Xi Jinping said on Monday that private companies must be “rich and loving” to share with state-owned companies the responsibility of ensuring prosperity for all Chinese, Reuters and Yahoo Finance reported.

His comments came as Chinese businessmen wait for the government in Beijing to explain how it will implement the “prosperity for all” policy announced by Xi Jinping to narrow the gap between the country’s rich and poor.

Private companies are waiting to be asked to “contribute” to this desired.

Speaking at a closed-door event with government and private sector representatives during the annual parliament session in Beijing, Xi urged private companies and entrepreneurs to show “patriotism” and actively participate in charitable initiatives, according to Chinese media reports.

Xi also said private companies should share the “fruits” of economic growth with their employees in what he called a “community of common interests.”

“Be rich and responsible, be rich for the benefit of others, be rich and loving,” Beijing Public Radio quoted the Chinese president as saying.

Do what Xi Jinping says, not what the President of China does

But some analysts say China’s private companies worry that this “prosperity for all” policy could actually translate into new taxes, as local governments in many regions are saddled with debt and struggling to raise tax revenue.

“The problem with ‘prosperity for all’ is that it can lead to a very uncertain tax burden, unlike a statutory corporate income tax,” said Alfred Wu, an associate professor at the National University of Singapore’s School of Public Policy.

He says that it is unfair to ask private companies to share the social responsibility for the success of this policy with state-owned companies, which have privileged access to markets and soft loans that are not available to business entities with private capital.

Xi also said on Monday that China will always treat private firms and entrepreneurs as “family” and promised to remove bureaucratic barriers that prevent private companies from competing fairly with state-owned companies.

But despite his assurances, the government in Beijing has in recent years taken sweeping measures against companies and entrepreneurs, particularly in the technology sector, that have displeased the country’s communist leadership.

Three years ago, Xi Jinping is believed to have personally ordered the listing of Ant Group, the fintech giant founded by billionaire Jack Ma, to be blocked after he publicly criticized Chinese regulators and banks.

Jack Ma disappeared from public view for several months after these criticisms.