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A comment on Xi Jinping personally halted Ant's IPO after Jack Ma snubbed government leaders. Parent comment

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by ethanwillis on Saturday November 14, 2020 @12:29AM (#25090514)
It's not that they're scared of reckless financial transactions it's that they're worried about not being the ones carrying out those reckless financial transactions.
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by vkou on Saturday November 14, 2020 @06:29AM (#25091622)
I assure you, the CCP cares very deeply about keeping China's economy stable. Moreso than the typical congresscritter, if the past few months is anything to go by.

The worst thing that could happen to a senator, should they royally muck up, is that they lose their job. The worst thing that could happen to the CCP, should they royally muck up, is that their top brass might lose their jobs, wealth, and maybe even lives, if they let things get bad enough - because their system has few other safety valves.

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