[PIF]

According to Chairman Xi, all corporations in China, deemed essential to national security, will be run by the Party.

This will leave about 30-35% of all business operating as usual, but under a watchful Party eye - in case any of them become too popular or the CEOs too influential or too wealthy; should any of those occur, those companies will be taken to be over and run by the Party and the CEOs hauled off.

All Chinese corporations will now with be directly controlled by the Party and profits go to the Party. All foreign investors will, in effect, be directly supporting the CCP, which at any time can dissolve the company and their investments overnight - literally.

[Sirius Lee]

The CCP issued a series of rulings beginning in mid-July that education companies engaged in teaching or tutoring academics can’t be for-profit corporations, meaning they must become nonprofit groups.

Why anybody would invest in a business or set up a factory in a country where it could be nationalized at any moment is beyond me.