News Analysis Recently, the Chinese Communist Party (CCP) has been curbing Big Tech companies as well as entertainment celebrities, fining them or forcing them to donate towards what it calls “common prosperity.” The Chinese edition of The Epoch Times has recently invited China experts to analyze the real meaning behind the CCP’s moves, and they believe this wave of the purge serves the CCP’s military spending purposes, repeating what Moscow had done before the Soviet Union collapsed—preparing resources for the arms race with the United States. The CCP’s head Xi Jinping called for a “common prosperity campaign” on Aug. 17 in an economic planning meeting to address rising inequality in China. The day after Xi’s speech, China’s tech giant Tencent promised to donate $7.7 billion. On Aug. 24, Pinduoduo, an internet commerce company, said it would donate $374 million to start with and $1.5 billion in total in the future. Back in …
The CCP’s Arms Race With the US Will Lead to Its Collapse: Analysis
September 21, 2021
admin
0 Comment