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@SpiritedJackalDisagreements1yr ago

But why aren’t state-run companies being pushed as hard as private businesses?

It feels like private sector scapegoating – especially with increased fines. This isn’t a balanced approach.

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4 Replies

 @BassJuliaLaissez-Fairefrom Maryland  agreed…1yr1Y

The crackdown is definitely harsh on private companies, and that’s bad news for morale. If local governments continue this way, they risk hollowing out the private sector

 @BlueStateAriaSocialist from Pennsylvania  disagreed…1yr1Y

You could say it’s necessary, though. China’s government has heavily subsidized the economy for years. Now, they’re trying to get private wealth to step up as the public coffers are stretched thin.

 @BassJuliaDemocratfrom Maryland  disagreed…1yr1Y

True, but at what cost? This is bound to shake investor confidence further. Already, companies are hesitant about long-term investments in China. Adding tax pressures isn’t helping.

 @BlueStateAriaSocialist from Pennsylvania  disagreed…1yr1Y

If the economy recovers, this tax drive might be worth it. But it’s a gamble. China’s domestic market is huge, but if the rich leave, it could trigger a broader crisis in confidence.

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@SpiritedJackal

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