An emperor or a communist dictator?

"Ever since Deng Xiaoping opened China to the rest of the world in the late 1970s, many in the West wanted to see the country succeed, because we thought China -- despite its brutal authoritarian political structure -- was on a path to a more open society and economy. Alas, President Xi Jinping has reversed steps in that direction in ways that could pose a real danger to China's future development and a real danger to the rest of the world," wrote Thomas L Friedman. China wants to capture Taiwan because it has "the most sophisticated microchip manufacturer in the world, Taiwan Semiconductor Manufacturing Co., or TSMC". "And if China thinks it can get around that by seizing Taiwan just to get hold of TSMC, that would be a fool's errand," because supply of key machines and chemicals from the US and Europe will be shut down. Because there is no trust in China. China has problems. "Since Beijing started clamping down on corporate debt in 2017, many real estate developers have turned to off-balance-sheet vehicles to borrow money and skirt regulatory scrutiny, analysts and lawyers say," Reuters. China's developers owed 33.5 trillion yuan ($5.24 trillion) through various channels at the end of June, Nomura estimates, and, "Private bonds issued by shell companies in offshore locations have emerged as a new concern." That's more than China's foreign exchange reserves. "China's foreign exchange reserves, the largest in the world, fell to $3.2006 trillion at the end of September, down $31.5 billion from a month earlier, according to official data." NDTV. "Out of 70 Chinese property developers rated by Moody's, 27 have 'significant' exposure to joint ventures, compared with five out of 49 in 2015. Under a typical joint venture, a developer sets up a minority-owned real estate project with an asset manager or private equity fund and promises them fixed returns," Fox. "For China's leader, Xi Jinping, it is all part of a plan. Under Xi, China is reshaping how business works and limiting executives' power. Long in coming but rapid in execution, the policies are driven by a desire for state control and self reliance as well as concerns about debt, inequality and influence by foreign countries, including the United States," wrote Paul Mozur. "Chinese tech companies are reeling from regulation." "Growing number of executives are going to jail." "The Chinese government, under his (Xi Jinping's) leadership, has started putting the Communist back in the Communist Party, at least to some extent," BBC. " "Kids are being lazy, wasting away their youth playing video games? Party to the rescue: three-hour gaming limit. Teenagers having their minds poisoned with silly, idol-worshipping television? Party to the rescue: 'Sissy looking' boys banned from programmes. Demographic time bomb ticking: Again the Party has the solution: Three-child policy for all! Football, cinema, music, philosophy, babies, language, science...the Party has the answers." China is an existential threat to India. "It's not unique to India; we've seen it in other circumstances as well and -- with Australia, with the South China Sea. And we've seen an increase in wolf warrior diplomacy in Europe," said a US official," News18. 'Mighty Uncle' Xi Jinping has gone back to the past and made himself an emperor, Reuters. And, an emperor has no clothes.