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I think the Chinese take on their use of List is that it’s all about control. In addition to destabilizing themselves economically with a free trade model, it would destabilize them politically from a class perspective - it would destroy the party and put the wealthy and their bourgeois supporters in charge of both the economy and the levers of power. If the current state maintains control of both the economy and political power, from their ideological POV, there’s a much greater chance that their country is both more self-sufficient economically and that economic gains will be used more equitably to decrease poverty and secure the betterment of the broad range of the population.

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