Xi Jinping Seeks to Adhere to Mao’s Vision of Socialism to Restrain Chinese Style Capitalism
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Xi Jinping is tightening his grip on private companies and curbing technology giants, according to research published in the Wall Street Journal on Sept. 22. He also wants the Communist Party to play a greater role in directing capital flows, setting tougher boundaries for entrepreneurs, investors, and their profitability, and exerting even greater control over the domestic economy than it does now. Xi Jinping is trying to return Communist China to Mao's vision of socialism.