The New York TimesThe New York Times

China's business elite sees the country that let them thrive slipping away

By Li Yuan

07 Nov 2022 · 5 min read

Editor's Note

Live and let live. That, for decades, was how China's business class and the Communist Party defined their relationship. However, that unspoken contract is now dissolving, the New York Times reports.

For decades, China’s business class had an unspoken contract with the Communist Party: Let us make money and we’ll turn a blind eye to how you use your power.

Like most Chinese people, they bought into the party’s argument that its one-party rule provides more efficient governance.

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