- Bubble consequences are anathema to communist governments. That said, the overpowering seduction of “fantastic development, innovation and broad-based prosperity” can prove irresistible.
- This has especially been the case for a nation tenaciously determined to attain what it views as its rightful standing as a global superpower.
- Beijing adopted markets and capitalistic development as necessary expedients to meet its developmental and geopolitical objectives.
- President Xi and Chinese leadership have grown Weary of Their Experiment in Capitalism. It served its purpose, but has turned increasingly problematic.
- It has become increasingly clear Beijing is determined to impose a radical shift in the flow of finance, investment, and the allocation of resources and wealth throughout the entire Chinese economy.
For further details see:
Weekly Commentary: Weary Of Their Capitalism Experiment