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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 curation on Saturday November 14, 2020 @08:58AM (#25092310)
China is the most successful capitalist country in history and they are authoritarian?
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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by cynusx on Saturday November 14, 2020 @09:55AM (#25092625)
Russia also had massive growth numbers when they were catching up to the west, however at some point the authoritarianism starts to sabotage it.

China has a huge population and is destined to have a huge economy, however they are still playing catch up with the west.

GDP/capita US: 65k usd

GDP/capita Russia: 11.2k usd

GDP/capita China: 9.7k usd

It remains to be seen to what extent China will be able to restrain it's party cadre from sabotaging growth in the next decade

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