Since the 100th anniversary of the Chinese Communist party (CCP) on 1 July, political edicts have been flowing out of Beijing. President Xi Jinping declared that China’s economy would now work to provide “common prosperity”. Social media has read this as a rhetorical assault on the country’s billionaires, who have become used to flaunting their wealth. There has been a well-publicised crackdown on entrepreneurs in the technology sector, in part because of the CCP’s increasing concern that figures such as Alibaba’s founder, Jack Ma, were becoming more prominent than the party itself. New anti-trust legislation may well break up some of the big companies that have dominated the sphere, creating more, smaller companies that the CCP hopes will power innovation through increased competition and also be easier to control politically.
Related: China bans reality talent shows to curb behaviours of ‘idol’ fandoms
Continue reading...source https://www.theguardian.com/commentisfree/2021/sep/05/super-rich-sissy-boys-celebs-all-targets-in-xis-bid-to-end-cultural-difference
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