Reminds me of the time an investigation into a high-profile corruption scandal in Spain revealed the names of those involved, among them “M. Rajoy”. There’s a running joke that no one knows who might be behind that name, it’s a mystery that may never be solved.
The private sector is ceasing to be China’s primary driver of growth, with that role year after year being further taken up by the state. Diminishing private funding is obviously not good, but it does align with their goal of reaching socialism by 2050. We’ll see how their economy does from now on…