China is committing economic suicide, it seems.
Chinese regulators are cracking down on domestic companies, including technology, after-school learning, and real estate businesses. The crackdown is part of the Chinese Communist Party’s continued push to concentrate power and is consonant with President Xi Jinping’s efforts to deter domestic political opponents and business elites from challenging his authority.
Crush them! Show them who is boss.
It is one more decision that harms China's economy.
It's almost as if Chinese rulers don't have genetically embedded abilities to make long-range decisions.
