This is a dangerous toy to play with because it is rule by fiat instead of rule by law. When your company can simply be taken away because Xi or some local official doesn’t like you, many business leaders simply refuse to build businesses, or build them in the shadows.
The only way I see this work is how China does it, where they simply announce the state is taking over the goods.
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This is a dangerous toy to play with because it is rule by fiat instead of rule by law. When your company can simply be taken away because Xi or some local official doesn’t like you, many business leaders simply refuse to build businesses, or build them in the shadows.