The organization and drive shown by China’s online youth in the midst of the coronavirus epidemic was an inspiring glimpse at the potential young Chinese have to assert themselves. But these actions disguise a deeper vacuum of social values in China.
Top technology firms in China now account for almost half of the top-20 global firms. But as these companies seek to develop globally, their close association with the Chinese government is a force that both pushes them forward and holds them back.
Through the strength of its economic growth figures year after year, China has projected an image of fundamental economic strength. But a closer look at the numbers exposes profound structural issues that should help cool down fear and envy in the West.