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China's Communists Embrace Privatisation: A Surprising Move
Communist Party in China shocks locals by selling off state-owned assets, a move perceived as economic decline.
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CuttNews -
2024-09-15
In a recent visit to his hometown of Laixi, Guo Ping was taken aback when he discovered that the local government had sold off state-owned assets, including two reservoirs. The financial strain faced by Laixi and neighboring Qingdao prompted officials to find new sources of revenue, even at the cost of regional infrastructure. This move has become a symbol of the gradual economic deterioration as perceived by Mr. Guo, who requested anonymity.
The Communist Party in China, known for its centralized control, has surprised many by embracing privatisation. However, the party faces considerable ch ... clique aqui para ler mais.
