Discover and read the best of Twitter Threads about #tves
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6/cps >90% of the Cos/corporates within this 60% are part of the #PartySector run by #PartyCapitalists (party members, their family, friends & special agents) who owe allegiance to party and follow its directives on all policy matters(or get jailed for corruption or worse)
7/cps Beyond what China experts label #SOEs, lies a vast a shadowy, grey #PartySector run by #PartyCapitalists who were funded by #SOEs, provincial parties, #TVEs and State owned, controlled, run, banks and which foreigners were persuaded is the #PrivateSector :
"It's the #Party #Sector, stupid" The shift 👇🏼is from autonomy of #PartyCapitalists with respect to everyday decisions & depend on self control to implement #CCP's goals, to explicit monitoring of key parameters like obedience of the #Party #Capitalist to #Xi's directives!🧐
2/cps #CCPchinaInc (2)Th freedom to decide what % of profits to take for personal use by party capitalist viz for party goals including maximization of growth &/or employment is being controlled more actively since 2014, and more desperately since collapse of growth & profits
3/cps #CCPchinaInc Most China experts don't understand #China's #Socialist #Market #Economy or the transformation of the #TVEs of the 1990s into the #PartySector of the 2000s (+ the e-economy created by new party members) 🧵
