September 20, 2021

Analysis: China’s biggest private companies are in chaos. It’s all part of Beijing’s plan

A woman on her electric-powered scooter films a large video screen outside a shopping mall showing Chinese President Xi Jinping speaking during an event to commemorate the 100th anniversary of China’s Communist Party at Tiananmen Square in Beijing, Thursday, July 1, 2021. China’s ruling Communist Party is marking the 100th anniversary of its founding with speeches and grand displays intended to showcase economic progress and social stability to justify its iron grip on political power. (AP Photo/Andy Wong)

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