
US businesses are falling out of love with Xi’s Chinese dream
A US diplomat in Beijing once told me a story of an American businessman hospitalised in the city of Ningbo after being hit at the airport by an electric buggy that was ferrying a group of Chinese VIPs who were late for their flight. The authorities confiscated his passport, demanding he pay for the damage to the buggy before he could leave. The diplomat was outraged, but when he got to Ningbo to provide help, the businessman told him to go home, explaining that he wanted to pay the fine since he was on the cusp of a big deal and didn’t want to upset the authorities. To the diplomat
