South China Morning Post Is capital evil?
That question is at the heart of a debate that has been simmering ever since late 2020 when the Chinese leadership first warned against the “disorderly expansion of capital”, heralding waves of intense regulatory actions targeting sectors from tech to property to gaming to private education.
Now the debate is set to ratchet up a notch. On Wednesday, the Chinese government introduced even more ominous lingo into the public discourse by accusing a former high-ranking official of “colluding with capital and backing disorderly expansion of capital”…
