Diane Francis • 519 implied HN points • 09 Mar 23
- Wealthy business leaders in China are disappearing or facing government crackdowns without clear reasons. This shows a shift towards increased government control in key industries.
- China's past economic growth relied on free enterprise, which helped lift millions out of poverty. Now, the current leadership seems to favor a more centralized, state-controlled economy.
- The government's actions against successful entrepreneurs send a warning to investors about the risks of doing business in China. Many are now hesitant to engage due to fears of losing their investments.