this post was submitted on 13 Sep 2024
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I'd actually would to see private investment wound down entirely, and replaced with government loans. And then as the next step, loans for businesses could require that the company is operated as a cooperative.
I would like to see that as well, but I think it'll be decades before private investment is decreased or phased out. I think it still has a part to play, and I have a bad feeling about bad consequences if it's phased out "too early" but ultimately I trust that the CPC know what it's doing.
I agree, it's going to be a long process. However, some tangible progress is being made already as a result of post-Covid policies
https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among