China's Risky Business Crackdown
Like the earlier campaign against corruption, Chinese President Xi Jinping's effort to control China's private sector is agreeable in its stated intentions, but questionable in its implementation. Quite possibly, the campaign for "common prosperity" will undermine the economic sectors that China needs to reorient its growth model.
CHICAGO – Is there a larger purpose to the Chinese government’s recent actions against the country’s largest corporations, and does its cleanup of the financial sector fit into its economic strategy?