08-14-2022, 11:08 PM
This seems to be part of Xi Jing Ping's goal of reorienting the Chinese economy toward a more socialist model. Since taking power Xi Jing Ping has decried the excesses of their hybrid pseudo-capitalist system. While this has helped the Chinese Communist Party create the most pervasive police state in human history, it has also created a well for the trappings of free-market economics.
They're trying to go back to ensuring that only the state controls the means of production and this means destroying private capital. There have been quite a few corporations, based in the west, that have been incentivized to move their operations out of China as a result, though I'm certain the CCP will create carve-outs for certain industries that benefit their command and control operations as well as their police state, I believe that the days of China-centered supply chains are coming to an end.
They're trying to go back to ensuring that only the state controls the means of production and this means destroying private capital. There have been quite a few corporations, based in the west, that have been incentivized to move their operations out of China as a result, though I'm certain the CCP will create carve-outs for certain industries that benefit their command and control operations as well as their police state, I believe that the days of China-centered supply chains are coming to an end.