Plenty of cope within:
Xi has vowed to narrow the wealth gap that has seen apartment prices in the capital Beijing reach 55 times average incomes, according to data by Rushi Advanced Institute of Finance. Xi promised during a speech in August to create a more "common prosperity" and that he planned to "adjust excessive incomes."
Atlantic Council Propaganda:
The US think tank Atlantic Council and consultancy Rhodium Group have warned that China risks slower growth if it continues to weaken its private sector. In a groundbreaking report published on Tuesday (October 5) they said Beijing must do more to spur market competition and allow the private sector to play a bigger role in the economy.
The recent crackdown, however, has raised the prospect of stronger state control in the years to come, the report added.
The authors said even those pundits who were optimistic of China's repeated promises to open up its economy were "shocked by resurgent state ownership and extralegal influence ... the overnight shutdown of entire sectors, the unexpected nationalization of private data, and overreach by state planners in shaping the market structure of tomorrow."
"Without a market-oriented shift, China will struggle to maintain a growth potential that exceeds 3% annually by the middle of this decade," the report warned.
it's like someone trapped in two dimensions wondering about the shape of a three-dimensional object
Out of all the "China watchers," I think the economists are the most entertaining. The military and intelligence people are cynics. They understand how power and empire works. All the shit they say about spreading democracy, protecting human rights, and mitigating global threats is just them blowing smoke up our asses. The economists though, they actually believe this shit.
The authors said even those pundits who were optimistic of China’s repeated promises to open up its economy were “shocked by resurgent state ownership and extralegal influence … the overnight shutdown of entire sectors, the unexpected nationalization of private data, and overreach by state planners in shaping the market structure of tomorrow.”
:deng-smile: bro we're gonna take your capital and technology and then fuck you up
:amerikkka-clap: sure no way this can go wrong
:suswcc: babe! it's 2021, time for your fucking up!
:wojak-nooo: nooooo, who could have seen this coming???
Atlantic Council
love to literally quote the :cia: about :some-controversy:
That private data belongs in private hands like Facebook or google or the NSA!
The only major country taking climate change at all seriously. :amerikkka: cannot understand.
Think tanks and consultancy groups giving pro-bono advice to China, meanwhile everyone here is shitting on them smh
