The party’s over: China clamps down on its tech billionaires | Chinese economy

[ad_1] In a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. “The rich data he used demonstrated that … unrestrained capitalism accelerates wealth inequality … [His] conclusion is worth us pondering on.” Back then, Piketty’s work on … Read more