Comments by "GuyWhoLikesTheSnarkies14" (@guywholikesthesnarkies1435) on "Wave Media"
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3:39 I think this stems from misunderstanding (or deliberate bad-faith reading) of the Xi's Speech at 20th National Congress. Xi never suggested that China will take measure (read: crackdown) on private capitals, Xi's message is very clear that he calls for party's role to guide, foster and safeguard the development and growth of domestic private sectors (the term "private" can have broad meaning e.g. so-called "public company", as per wiki definition, usually refers to a private company listed to the stock market. It can also means local cooperative enterprise or joint-stock company).
What's happening is that there's gonna be change of market environment, as foreign capitals esp. coming from the West are slowly but gradually declining of their market share and competitiveness against growing share of domestic private sectors, which also on track to make their expansion on global market. All the while also making room for foreign capitals coming from nearby or the other regions e.g. Southeast Asia, Eurasia, Central Asia, South Asia, MENA, Africa and South America to grow. Take example the Beibu Gulf Economic Rim and Nanning Economic & Technological Development Zones, amongst examples of China-ASEAN cooperation projects.
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