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Beijing prepares to tax the rich, takes ‘special management stakes’ in tech firms to strengthen societal control amid developing crises

     SinoInsight  1      Businesses, investors, and China watchers who have been scrutinizing Xi Jinping’s 20th Party Congress work report are alarmed by what they believe is an effort by Xi to reimpose Mao-era economic and social controls in the PRC. Xi’s ideological focus aside, observers are concerned by his plans to promote “common prosperity.” …

Read moreBeijing prepares to tax the rich, takes ‘special management stakes’ in tech firms to strengthen societal control amid developing crises

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