Changes

Officially referred to as Xi Jinping’s “Common Prosperity” campaign, this transformation is proceeding along two parallel lines: a vast regulatory crackdown roiling the private sector economy and a broader moralistic effort to reengineer Chinese culture from the top down.  Chinese minors have been banned from playing the “spiritual opium” of [[video games]] for more than three hours per week; [[LGBT]] groups have been scrubbed from the internet; and abortion restrictions have been significantly tightened. As one nationalist article promoted across state media explained, if the liberal West is allowed to succeed in causing China’s “young generation lose their toughness and virility then we will fall…just like the [[Soviet Union]] did.” The purpose of Xi’s “profound transformation” is to ensure that “the cultural market will no longer be a paradise for sissy stars, and news and public opinion will no longer be in a position of worshipping Western culture.”  Xi declared in January 2021 that “achieving common prosperity is not only an economic issue, but also a major political issue related to the party’s governing foundations.”

Officially referred to as Xi Jinping’s “Common Prosperity” campaign, this transformation is proceeding along two parallel lines: a vast regulatory crackdown roiling the private sector economy and a broader moralistic effort to reengineer Chinese culture from the top down.  Chinese minors have been banned from playing the “spiritual opium” of [[video games]] for more than three hours per week; [[LGBT]] groups have been scrubbed from the internet; and abortion restrictions have been significantly tightened. As one nationalist article promoted across state media explained, if the liberal West is allowed to succeed in causing China’s “young generation lose their toughness and virility then we will fall…just like the [[Soviet Union]] did.” The purpose of Xi’s “profound transformation” is to ensure that “the cultural market will no longer be a paradise for sissy stars, and news and public opinion will no longer be in a position of worshipping Western culture.”  Xi declared in January 2021 that “achieving common prosperity is not only an economic issue, but also a major political issue related to the party’s governing foundations.”

Anti-monopoly investigations have hit China’s top technology firms with billions of dollars in fines and forced restructurings and strict new data rules have curtailed China’s internet and social media companies. Record-breaking [[IPO]]s have been put on hold and corporations ordered to improve working conditions.   

Anti-monopoly investigations hit China’s top technology firms with billions of dollars in fines and forced restructurings and strict new data rules have curtailed China’s internet and social media companies. Record-breaking [[IPO]]s were put on hold.   

The government killed off the private tutoring sector overnight.

The government killed off the private tutoring sector overnight.