Politics South China Sea Thread

 
 
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"His goal is to have an economy that still has a strong private sector but one that's far more controlled," he told DW. "I think that's a bridge too far. He can't have both of those things at the same time."


Collier said Xi appears to have recognized the need for China to transform its investment-driven economic model to a consumer-driven model.


But his political decisions, which include doubling down on the state sector, will hurt Beijing's ability to restructure its economy, he underlined.


"Xi is not interested in defunding the state sector in order to give consumers a larger share of the economy," he pointed out.

"The crackdown on the platform economy is an indication of that. It's a very successful sector and there may have been some market-dominance issues. But instead of addressing them in a regulatory matter, what China did is a wholesale cutback of the industry because it's viewed as a threat to the Party."
 
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