To rescue china’s lacklustre economy, the ruling Communist Party is trying to revive the animal spirits of entrepreneurs and rehabilitate the profit motive. Xi Jinping, China’s leader, has welcomed Jack Ma, a leading tech boss, back in from the cold, and basked in the reflected glory of DeepSeek, a private ai firm. The government has also recently released five employees of Mintz, an American due-diligence firm, detained in 2023. To get rich is, if not glorious, at least less dangerous than it seemed a few years ago.
The Economist
