In today’s China, to get rich is perilous
Business sectors can be praised one day and banned the next
SINCE CHINA re-embraced capitalism decades ago, rich rewards have flowed to entrepreneurs who understand what the Communist Party wants. Today grasping what the party dislikes may be a more precious skill. This is an era when leaders’ priorities can change overnight. When the winds turn, entrepreneurs need to curb their ambitions without complaint.
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This article appeared in the China section of the print edition under the headline “To get rich is perilous”
From the May 11th 2024 edition
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