Originally posted by Double Edge
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also, China is not a market economy. it is a command economy with market characteristics. the vast majority of economic power is still under state control or attached to state controlled entities.
this is actually the current model already, and
this worked well when infrastructure investment was the primary and productive mode of economic output. infrastructure was really the Chinese Chinese Apollo project.
but today the infrastructure side is over invested and China needs nimble private companies to take the lead.
however, party penetration into private companies has a detrimental effect on nimbleness. the companies better hope the ccp will not push the party organization thing too far.
china has been supporting the development if high technology companies at home and pushing infrastructure development abroad as the prescription for the next phase of economic development, but with this growing xiest cult of personality and a clamp down in free expression and increasingly rigid social controls, those high tech enterprises enterprises are going to suffer.
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