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Backfires? CPC wanted to rein in big tech - foreign or otherwise - and has succeeded in doing exactly that, with the collateral damage for foreign investors be

Backfires? CPC wanted to rein in big tech - foreign or otherwise - and has succeeded in doing exactly that, with the collateral damage for foreign investors being at best a peripheral concern. I guess its no surprise that Bloomberg cannot see a world without a financialised lense, but such a world does indeed exist

JumpCrisscross 4y ago
> Backfires? Yes. GDP slowdown and a falling housing market aren’t what you want when confirming an historic third term. The “financial lens” focuses on investors. It does not ignore other factors, and is indeed compatible with Xi’s desire to rein in Chinese tech tycoons. The broader point is Xi is, as usual, degrading China’s long-term prospects for short-term stability pursued for personal political gain.