Xi puts economy on war footing with Taiwan in mind
Tencent, Alibaba and JD.com have formed separate strategic alliances with China Unicom, China Telecom and China Mobile, China's big three state-owned telecommunications companies.
It looks straight out of Mao Zedong's playbook. In the 1950s, he spearheaded a movement in which the state took control of private companies. Mao's rationale was to create a self-reliant economy to prepare for a war with the U.S. or the Soviet Union.
Today, President Xi Jinping may have his own calculations for putting the economy on a war footing. As seen in the Ukraine war, controlling telecommunications infrastructure and social media are crucial elements of modern warfare.
If China expands public-private ventures in sectors that become more critical in wartime, it will be able to go on a war footing at a moment's notice. Does the leader have a Taiwan operation in mind?
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