July 4, 2022
Thank your for pointing out that Hong Kong demonstrates that capitalism and democracy are not synonymous. Simply favoring capitalism is not enough.
at least President Xi is now having to deal with domestic issues in Mainland China which in some small measure may keep him distracted. Major collapse of housing markets and a newly created class of citizen who has tasted some comforts that come with a bit of money. Previously this money was reserved for Party faithful. Not true today. Tough to govern nearly a Billion and one half people.
China is only a powerhouse if we let it be.
The West have the markets and we should exercise that strength instead of pursuing cheap prices for inferior products
Now is the time for our industrial base to realize that our CNC abilities can make better products at cheaper prices that will last. Sell made in america quality.
And governments will have to help with fast write-offs and investment tax credits instead of punitive added taxes.
Don't hold your breath though !