Tech companies listed in China have slumped, unable to leverage Beijing's push to modernize its industrial sector as cheap labor and government subsidies in the targeted fields begin to dry up;
https://www.ft.com/content/e46bf2e2-af90-11e8-99ca-68cf89602132
The best outcome is a reversion to capitalism. The worst? Hundreds of millions dead.
The second is that it’s an open question whether China will achieve rejuvenation in the face of both a seemingly stagnating economy and party factionalism. Xi is more powerful than his predecessors, but his rule is also more fragile. The Chinese Communist Party (CCP) has long faced a crisis of legitimacy, but Xi’s transformation of […]