Civilian-run enterprise is a type of company or enterprise to describe a non-state-owned enterprise (state-owned enterprise including companies owned by the state, the central and regional government) in the People's Republic of China. A privately held company is a type of civilian-run enterprise. However, there is no proper legal definition of "civilian-run enterprise" in China. It is considered to be a special term in the Economy of China (Minqi (Chinese: 民企; pinyin: Mínqǐ) or Chinese: 民营企业; pinyin: Mínyíng qǐyè). The translation of the term "Minqi" was difficult, as stated by Ye Dong, a Chinese businessman during an interview by the Chinese-language version of the Financial Times.