Day: May 9, 2024

IN THE EARLY stages of China’s history as a communist state, the Soviet Union was often referred to as Sulian dage, or Soviet big brother. China relied on it for weapons, funding and political support. In many ways the roles have now reversed. Russia’s president, Vladimir Putin, is expected to meet his Chinese counterpart, Xi Jinping, this month in Beijing. China has been accused of propping up Mr Putin’s war machine. The Economist

SINCE CHINA re-embraced capitalism decades ago, rich rewards have flowed to entrepreneurs who understand what the Communist Party wants. Today grasping what the party dislikes may be a more precious skill. This is an era when leaders’ priorities can change overnight. When the winds turn, entrepreneurs need to curb their ambitions without complaint. The Economist