This is the example of the rigidity of totalitarian systems. Decision making is narrowed down to some leader. In this case a small.... handed, insecure child. Xi can’t and won’t make every decision right. This alone collapses this type of governance. Simple.
After hearing Jack Ma’s speech at the Shanghai Bund Financial Forum, Xi ordered the suspension of Ant Group’s fund-raising plan of more than $US34 billion. It proved how Beijing shows no respect on economic freedom and market mechanism with abuse of power. http://www.wsj.com/amp/articles/china-president-xi-jinping-halted-jack-ma-ant-ipo-11605203556 …
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No one is above the law, Xi’s law that is.
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This kid obviously knows nothing about finance and risk of online banking even if he is in Hong Kong.
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Beijing never respect, now is HongKong’s turn.
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CCP is the enemy of mankind. Recently, the businessman,
#孙大午@sundawu2011 was arrested by CCP.#孙大午 has made significant contributions to the local social welfare, charity and civil rights, which bother CCP.https://twitter.com/MieGong678/status/1326760938473656320?s=20 …
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Are you finally understanding some aspects of planned economies?
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