[PGR88]

State run companies and crony-capitalists gaming the omni-present Chinese central government and central-planning policy to get subsidies and benefits for insiders.

This is the entire nature of China’s economy.

As a side note, Its where the USA is heading also if we continue down the road of progressive, centralized central planning.

[Zhang Fei]

[State run companies and crony-capitalists gaming the omni-present Chinese central government and central-planning policy to get subsidies and benefits for insiders.

This is the entire nature of China’s economy.]

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In many ways, this seems like a throwback to China’s imperial monopolies. Oddly enough, the Fang La rebellion, which gets a mention in the Water Margin, was in reaction to one of those monopolies.

https://en.wikipedia.org/wiki/Fang_La

Fang La mustered up some fairly impressive gains before he was beaten back. His mistake may have been his lack of ambition - if he had gone for the whole enchilada instead of sitting back and counting his gains, he might have founded a new dynasty. Speaking of throwbacks, references to Yuan Shikai, the general who would be emperor, have allegedly been banned on China’s chat forums.

https://en.wikipedia.org/wiki/Yuan_Shikai
https://qz.com/1215546/how-china-reacted-to-the-idea-of-indefinite-rule-by-xi-jinping-in-memes-on-wechat-and-weibo/

[butlerweave]

Good market for Air ?

[VanShuyten]

“State run companies and crony-capitalists gaming the omni-present Chinese central government and central-planning policy to get subsidies and benefits for insiders.”

A lot of these international projects involve the host country taking on huge Chinese loans, with the end result being either massive debt payments or the Chicoms taking control of the new assets after default. And there’s plenty of room for huge bribes and kickbacks in those projects.