Is this the end of China’s experiment with capitalism? | Counting the Cost

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Al Jazeera English published this video item, entitled “Is this the end of China’s experiment with capitalism? | Counting the Cost” – below is their description.

Since President Xi Jinping became head of the Communist Party in 2012, he has launched an anti-corruption purge, interned millions of Uighurs and crushed the hopes of pro-democracy protesters in Hong Kong.

Now, Xi has got his eye on a huge segment of the economy that has powered economic growth in recent years: billionaires, celebrities, property, gaming and technology companies. He argues the side-effect of growth has been inequality and that it is time for “common prosperity”. Iris Pang, the chief economist for greater China at ING Bank, sheds further light on this.

Plus – why collectors are snapping up second-hand watches during lockdowns, according to the Founder and CEO of A Collected Man Silas Walton.

Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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