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Comment by itsthecourier

4 days ago

exactly, taking this chance requires allowing free market rules to apply.

china is the only country on earth managing 1.5 billion people efficiently (not perfect, not fair, but more efficient than anything seen in history)

and they won't take chances to allow free market to reign. even with iron fist, it's been hard to keep the lid on unrest, laying-flat philosophy, unemployment on young people and real estate bubbles. and remember they print their currency twice as fast than the US, either applying inflation to their whole population or representing new value created in the country, I don't know.

> Taking this chance requires allowing free market rules to apply.

On the yuan side, yes. On the TikTok side, it requires allowing free speech rules to apply. That scares China's current leadership.