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I don't really get what the CCP is going for here 🤔 What does it mean to provoke a Cold War in a bipolar world where the 2 poles are in a trade-based death-embrace?
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Steven Roach: "China is going after the core of its new entrepreneurial driven economy, and it’s going after their business models" When Roach - who identifies himself as a "congenital optimist" on China - goes negative, you know things are going south. cnb.cx/3eX2L2y
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Nothing to do with the US imo. CCP is just annoyed with its tech sector and so stomping around being dictatorial. When all you’ve got is a hammer, you try to increase fertility by banning private tutoring on weekends.
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Both and wrote what I consider to be reasonable takes on this recently. Tl;dr the crackdown is about the CCP signaling the different kind of industrial economy it wants and understanding the differences on US-China vs US-Russia is important.
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