The dictator for life, Xi Jinping, tightens the screws! By doing so, the dictator risks the economic miracle of China. Will this be ultimately his downfall? You bet! Hubris, omnipotence, and delusions of grandeur have taken down many leaders in history!
"Xi Jinping, long distrustful of the private sector, is moving assertively to bring it to heel.
China’s most powerful leader in a generation wants even greater state control in the world’s second-largest economy, with private firms of all sizes expected to fall in line. The government is installing more Communist Party officials inside private firms, starving some of credit and demanding executives tailor their businesses to achieve state goals. ...
Mr. Xi has made his priorities especially clear in recent months. In September, the party issued new guidelines for private companies, reminding them to serve the state and vowing to use education and other tools to “continuously enhance the political consensus of private business people under the leadership of the party.” ..."
Mr. Xi has made his priorities especially clear in recent months. In September, the party issued new guidelines for private companies, reminding them to serve the state and vowing to use education and other tools to “continuously enhance the political consensus of private business people under the leadership of the party.” ..."
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