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China’s Business Elite See the Country That Let Them Thrive Slipping Away


“When the ability to govern decreases, even in the absence of any particular policy from the top, the ineptitude, brutality, and ignorance of lower-level officials will brew disasters for the common people they rule over,” said Mr. Wu, who is a senior research scholar at the Stanford Center on China’s Economy and Institutions.Many businesspeople have lost a lot of money under “zero-Covid,” which has shuttered cities and locked millions of people in their homes for weeks at a time as the government seeks to eliminate the coronavirus.“Under the leadership of this dictator, our great country is falling into an abyss,” said a hardware tech executive in Shenzhen. “But you can’t do anyt …

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