China’s leaders clearly have a vision for what their country should look like. Risks in the financial system should be controlled. Inequality should be reduced. Beijing’s authority should go unchallenged. And as recent events have shown, they are committed to making that vision a reality.
For the business world, that could ultimately be a good thing if markets become more stable and prosperity more widespread. But in the short term, building that vision will entail a fair amount of pain for some of the country’s biggest companies.
