a master plan for China. Its ultimate goal is for the country to be the 21st century’s dominant superpower, both feared and admired. China’s bellicose response to theby Nancy Pelosi, the speaker of America’s House of Representatives, encapsulates the desire to be fearsome. As for admiration, that is to come from growing economic and technological heft. Here, Mr Xi’s plan involves a reshaping of Chinese private enterprise.
, a property giant, has crashed from $40bn in 2020 to $6bn. Last month Carlos Tavares, the boss of Stellantis, a carmaker , said it would exit a Chinese joint-venture after complaining of “growing political interference”. He was one of a cohort who chose business over bureaucracy. His decision was vindicated in 2002. That year the party constitution was amended to allow businesspeople to become members. In the following years Chinese business went from strength to strength. Businesspeople cite the first five years of Mr Xi’s leadership between 2012 and 2017 as the heyday of private enterprise. Technology groups such as Alibaba and Tencent, and conglomerates likeand Dalian Wanda, rose to global prominence.
The bosses of these new corporate champions are dislodging tech moguls as owners of China’s biggest fortunes, notes Rupert Hoogewerf of Hurun, a compiler of rich lists . China’s wealthiest man is nowMany tycoons have greatly added to their personal wealth with direct help from local authorities. Take Muyuan, which has grown into one of the world’s biggest hog producers. The Communist Party of Nanyang city, where the company is based, has an explicit goal of putting it on the500 list.
Startups benefit in other ways. Mr Gu, whose firm is based in Zhangjiang, notes that securing the metal components for Fourier’s prototypes takes weeks rather than months, because many of the suppliers themselves reside in the technology park. He has also been able to tap the local talent pool, hiring more than 600 engineers and scientists in the past few years. Doing that in Silicon Valley or other global tech hubs would be time-consuming and prohibitively expensive, Mr Gu observes.
In practical terms, Mr Xi’s pursuit of higher-quality growth is easier in some parts of the country than in others. The startup zones in Shanghai are well-tuned machines with professional staff. Some employ former Wall Street bankers. By contrast, an analyst who recently visited an industrial park in the southern Hunan province recounts that it resembled a movie set made to look like Hangzhou without any real innovation taking place.
The United States has evil attitudes, because they study and do it, then say no that they didn't, but already inducing one country to attack another, it's actually easier for Brazil to launch a thermonuclear missile over the United States than for China to invade Taiwan. .
Can't imagine the rich & powerful CCP ruling caste allowing the peasant caste to get ahead of them. It is like the rich and powerful White Anglo-Americans suddenly giving up their White Privilege. Not gonna happen!
If you have support from the Big Guy, you should be upbeat.
98% of people don’t not know how CCP erode foreign company, it can be easily by assigning party committee into company and take control of whole company, finally the owner even is threatened to say or do sth. they don’t really want
China, India and Pakistan must solve their land and sea border problems, as India, China and Pakistan are strategic countries both for each other, the United States is exploiting this divergence very well, attracting India to its own interests. concessions must be made.
Stop buying Chinese made stuff yes it will be hard but eventually they will will bend over and ask for KY.