Xi Jinping personally halted Ant's IPO after Jack Ma snubbed government leaders
Not surprising at all.<p>Contrary to what most people I know think, I think Xi Jinping and company are really scared. And the more scared they are, the more authoritarian they become.<p>They are afraid of Taiwan because Taiwan is the living example that China can prosper without the CCP.<p>They are afraid of Hong Kong because it&#x27;s an example of resistance to the regime.<p>They are afraid of religions because no matter how much you punish someone, you won&#x27;t be able to make them worship you instead.<p>They are afraid of wealthy people because they can taste freedom and they can vision a China without the CCP.<p>And so on...