Author Topic: Monetary Wealth  (Read 5202 times)

guest55

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Re: Monetary Wealth
« Reply #30 on: September 21, 2021, 07:01:40 pm »
Is this the end of China's experiment with capitalism? | Counting the Cost
Quote
Since President Xi Jinping became head of the Communist Party in 2012, he has launched an anti-corruption purge, interned millions of Uighurs and crushed the hopes of pro-democracy protesters in Hong Kong.

Now, Xi has got his eye on a huge segment of the economy that has powered economic growth in recent years: billionaires, celebrities, property, gaming and technology companies. He argues the side-effect of growth has been inequality and that it is time for “common prosperity”. Iris Pang, the chief economist for greater China at ING Bank, sheds further light on this.

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