China's economy Communist Party

China’s economy runs risk of failing as Communist Party takes power

China’s economy runs the risk of failing as the Communist Party takes power. Huawei is a giant of China’s telecommunication and consumer electronics industry. Cai sees the incident as symptomatic of a new consumer nationalism. When 29-year-old accountant Cai Yutong pulled out her iPhone 13 at a Starbucks on the outskirts of Shanghai, her colleague sitting opposite her moved closer.

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