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Thank you! Sounds like it's mainly about soaking the rich, with a bit of "spiritual well being" goop thrown in. > with the state owning all and allowing peopl

Thank you! Sounds like it's mainly about soaking the rich, with a bit of "spiritual well being" goop thrown in. > with the state owning all and allowing people and companies to lease, allocate, and trade properties Well, that's how it is in the UK - all land is ultimately owned by the queen. The rest of us are all vassals. I thought there was something similar in US land-ownership law. But we're not communist.

m0llusk 5y ago
Some analysis: The first major business cycle ever is hitting modern China hard an has people seriously freaked out. The price of houses never goes down some still say. Sure, so then your currency takes the hit. This is going to be rough, and combined with damage from tragic natural disasters there is the possibility of unrest and change in China. The references to avoid too much welfare, laziness, and lying flat show the government is seriously freaked out by the young generation simply not working with the same frenetic pacing and lack of restraint that used to be present broadly in Chinese labor. Emphasizing Communist Party ownership of property and management of the economy and riches means a heavy hand will be used whenever deemed necessary. It is also worth pointing out that this endorses health care access and improvement of rural areas but has not particular way of accomplishing this. Also, the heavy hand and emphasis on hard work is arguably in opposition to calls for innovation which is often driven by people taking risks in order to achieve great wealth both of which are now strongly discouraged.