The Chinese state is cracking down on billionaires and the wealthy, to some extent, mainly as they are a challenge to the states own power. Not as a result of much else. Loyal ones, particularly close to Xi, are left alone.
China continues to be highly neoliberal in business practice, supported and subsidised by the state, if you're in a key industry, particularly as China faces economic downturn. Chinese workers are pliant, and educated. Which is why Elon Musk is there.
The proletariat do not hold the power in China, they are seen as a threat by the Chinese elite. Hence a heavy surveillance state, and large propaganda arm.
The transition from socialism to capitalism, in theory, does not include a devolution back to capitalism lol. Xi Jinping has created more wealth for the Chinese elite than any other previous Chinese President. Unless you think the Germans were also socialist during the 30's and 40's.
Taken together, these accounts tell a pretty compelling and straightforward story: a worker state led by a vanguard party has placed the productive forces developed by capitalism under human control once again, for the benefit of the many rather than the few, and so definitively begun the complex and difficult transition away from capitalism and into communism that we call socialism. Capitalists, sheltered and insular in their dealings with fellow human beings, don’t understand that they are not sympathetic characters, so they shamelessly self-victimize in the press in the hopes of winning sympathy from the masses, in a futile effort to rally the necessary fervor for military intervention. The situation looks grim for the forces of reaction.
We do business dealings in China, and let me tell you that American workers are compensated more for their efforts than the Chinese workers are. That's why we do business in China lol. Its also why we do business in the Philippines. Mainly because we can profit, and Chinese owners can host an elaborate party for us (mainly because their margins are larger than ours). They feel compelled to because it's a prestige thing, to be able to flaunt wealth. But it's not exactly aristocratic, which is my background. One of the wives for example showed us their plate collection for example, which easily breaks over $100k in value, they had some interesting pieces, such as Queen Elizabeth state sets (my family has one of those somewhere), but they won't understand the difference between all the plates, or what they are (that's what the servants are for). It's literally just meaningless consumption, more bourgeois capitalist than you can ever imagine. I've had Chinese businessmen literally call me while they're in France, asking what kind of watch they should buy. It's never under $5,000 at least. One of them bought an Extra-Plat Squelette 5395 in Hong Kong. And these aren't workers lol. Chinese workers aren't meeting with American billionaires, owners of big pharma, literal royalty. It's a class that has been built and expanded under Xi Jinping's reign that has. Just look at Feng Shui, and how the focus is on raking in money, and more importantly, keeping it.
It doesn’t sound like you read anything that I sent you.
Also, doesn’t seem like you know how the Chinese democracy works. All that I hear is complete misunderstandings said confidently.
Let us be clear, the Chinese Communist Party is a Marxist-Leninist organization. The Party General Secretary Xi Jinping sees himself as Josef Stalin’s successor. In fact, as the journalist and former Australian government official John Garnaut has noted, the Chinese Communist Party is the last “ruling communist party that never split with Stalin, with the partial exception of North Korea.” [11]
Leaked cables from 2009 give a clear sense of why Xi Jinping aggravates the US:
Unlike many youth who “made up for lost time by having fun” after the Cultural Revolution, Xi “chose to survive by becoming redder than the red.” … Xi is not corrupt and does not care about money
But he does. Sending your kids to Harvard isn't exactly cheap. His personal wealth is only beaten by his political power. Marxism and Leninism are political ideologies, not just economic. Xi also nods his head to Mao, but that doesn't mean anything. Donald Trump also nods his head to Lincoln and Washington.
You don't seem to understand the difference between the party propaganda line, and the actual reality. A lot of urban educated in China do understand this, and know how to toe the line.
