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Xi Jinping’s Ruthless March Toward “Common Prosperity”

Part II: The roots of Xi Jinping's "common prosperity" vision and why he's making changes to China's technology sector now

In my previous article we looked at the sweeping crackdown of China’s technology sector, beginning with Jack Ma and Ant Financial, and how this is part of Xi Jinping’s goal of “common prosperity.” While corruption and debt excesses needed to be reined in and people wanted better data privacy protections, Xi’s common prosperity initiative is also about concentrating power, redistributing wealth, and controlling the unpredictable market. In this article we’ll look at the roots of common prosperity and why analysts believe Xi is making these changes now. Appealing to the Working Class In his speech celebrating the hundredth anniversary of the founding of the Communist Party in China, Xi said that the Party will make “notable and substantive progress toward achieving well-rounded human…

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Classic club sandwich with ham and bacon on a wooden board. Next cup is a mixture of pickled miniature onions, gherkins, tomatoes. Gray background. Close-up.

For Five Days There Was Free Expression in China

Then censors blocked the Clubhouse app

In March 2020, Silicon Valley entrepreneur Paul Davidson and former Google engineer Rohan Seth launched their newest app, Clubhouse. The app is an invite-only audio chat app that lets users talk in virtual rooms. These conversations can be one-on-one or they could have an audience of up to 5,000 users (the current room limit in the beta version of the app). The app is only available on the iPhone and, once invited, users must use their actual phone number and Apple ID to join. Each user is only allowed to invite up to five people. The app’s exclusive nature gave it the tantalizing aura of the “next-big-thing” among the tech types. On January 31, Space-X’s Elon Musk made an appearance…