An avalanche of changes launched by China’s ruling Communist Party has jolted tech billionaires to school kids. Behind the changes is President Xi's vision of reviving an idealized earlier era of vigorous leadership and tighter control over society.
Chinese leaders want to “direct the constructive energies of all people in one laser-focused direction selected by the party,” Andrew Nathan, a Chinese politics specialist at Columbia University, said in an email.
Xi is reviving the “utopian ideal” of early communist leaders, said Willy Lam of the Chinese University of Hong Kong. “But of course, huge question marks have arisen, because this will hurt the most creative and lucrative parts of the economy.”Alibaba, Tencent and others have pledged tens of billions of dollars for job creation and social welfare initiatives. They say they will invest in developing processor chips and other technologies cited by Beijing as priorities.
“I feel this is a good rule,” said Li Zhanguo, the father of an 8-year-old boy and a 4-year-old girl in the central city of Zhengzhou. “Games still have some addictive mechanisms. We can’t count on children’s self-control.”Some 1 million members of mostly Muslim ethnic groups have been forced into detention camps in the northwest. Officials deny accusations of abuses including forced abortions and say the camps are for job training and to combat extremism.
The party moved from “early prosperity for some to ‘common prosperity’” and “from capital to labor,” wrote Luo Zhiheng of Yuekai Securities Research Institute. He said leaders are emphasizing science, technology and manufacturing over finance and real estate.“It is impossible to achieve common prosperity through ‘robbing the rich and helping the poor,’” the dean of the school of economics at Shanghai’s Fudan University, Zhang Jun, told the news outlet The Paper on Aug. 4.
Party members who worry reforms might weaken political control appear to have decided China’s rise is permanent and liberalization is no longer needed, said Edward Friedman, a political scientist at the University of Wisconsin.
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