First published: Financial Times 24/09/2021
The Chinese government’s crackdown on privately owned companies and entrepreneurs has captured the world’s attention and dismayed many portfolio investors. Beijing is compounding investors’ concerns by also putting a new emphasis on a longstanding political slogan — known as “common prosperity” — to focus attention on the country’s deep inequality, and put some socialism back into the term “socialism with Chinese characteristics”. Read on….https://www.ft.com/content/fe0e9427-0cea-4421-9e14-ab382d3d8929
