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China’s government is surprisingly redistributive

by Euro Times
September 22, 2024
in Finance
Reading Time: 1 min read
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When China’s ruler, Xi Jinping, started calling for “frequent prosperity” in 2021, he made buyers nervous. The said objective was to cut back inequality. However the time period grew to become wrapped up with one thing edgier: a morale-destroying marketing campaign to browbeat billionaires into shows of charity, tighten laws on large tech companies and curb what Mr Xi referred to as the “disorderly enlargement of capital”.



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