• Washington DC |
  • New York |
  • Toronto |
  • Distribution: (800) 510 9863
Tuesday, September 22, 2026
  • Login
No Result
View All Result
NEWSLETTER
New Edge Times
  • World
  • U.S.
  • Politics
  • Business
  • Science
  • Tech
  • Youth
  • Entertainment
    • All
    • Arts
    • Gaming
    • Movie
    • Music
    2026 Emmys Live: Early Winners and More Updates

    2026 Emmys Live: Early Winners and More Updates

    Wendell Berry, Writer Who Extolled America’s Agrarian Past, Dies at 92

    Wendell Berry, Writer Who Extolled America’s Agrarian Past, Dies at 92

    ‘Hot Spot’ Review: A Baffling Dystopia

    ‘Hot Spot’ Review: A Baffling Dystopia

    Richard Lingeman, Cultural Historian and Biographer, Dies at 95

    Richard Lingeman, Cultural Historian and Biographer, Dies at 95

    World Class Film Awards 2026 Celebrates Global Cinema in a Landmark Night in San Pedro Cholula

    World Class Film Awards 2026 Celebrates Global Cinema in a Landmark Night in San Pedro Cholula

    Songs for the Return of Lizard Season 🦎☀️

    Songs for the Return of Lizard Season 🦎☀️

    How Tom Holland and Zendaya Helped Draw Gen Z Crowds to ‘Spider-Man: Brand New Day’

    How Tom Holland and Zendaya Helped Draw Gen Z Crowds to ‘Spider-Man: Brand New Day’

    Three Great Documentaries to Stream

    Three Great Documentaries to Stream

    • Gaming
    • Movie
    • Music
    • Arts
  • Sports
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Karley Sciortino’s Story of an Erotic Discovery Becomes a Film

    Karley Sciortino’s Story of an Erotic Discovery Becomes a Film

    Justin Trudeau, Katy Perry and the Look of the Celebrity Statesman

    Justin Trudeau, Katy Perry and the Look of the Celebrity Statesman

    Spotlight on Fauci Said to Boost Book Sales for Kennedy and His Publisher

    Spotlight on Fauci Said to Boost Book Sales for Kennedy and His Publisher

    Dupes of My Favorite Restaurant Dishes

    Dupes of My Favorite Restaurant Dishes

    ‘The Odyssey’ Isn’t a Fashion Movie. But It Has One Great Outfit.

    ‘The Odyssey’ Isn’t a Fashion Movie. But It Has One Great Outfit.

    Legionnaires’ Disease Has Made a Home in New York City. Here’s How.

    Legionnaires’ Disease Has Made a Home in New York City. Here’s How.

    Car Condos Give Your Vehicle Luxury Housing

    Car Condos Give Your Vehicle Luxury Housing

    The Loafer That Thinks It’s a Scrunchie

    The Loafer That Thinks It’s a Scrunchie

    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
  • Trending
  • World
  • U.S.
  • Politics
  • Business
  • Science
  • Tech
  • Youth
  • Entertainment
    • All
    • Arts
    • Gaming
    • Movie
    • Music
    2026 Emmys Live: Early Winners and More Updates

    2026 Emmys Live: Early Winners and More Updates

    Wendell Berry, Writer Who Extolled America’s Agrarian Past, Dies at 92

    Wendell Berry, Writer Who Extolled America’s Agrarian Past, Dies at 92

    ‘Hot Spot’ Review: A Baffling Dystopia

    ‘Hot Spot’ Review: A Baffling Dystopia

    Richard Lingeman, Cultural Historian and Biographer, Dies at 95

    Richard Lingeman, Cultural Historian and Biographer, Dies at 95

    World Class Film Awards 2026 Celebrates Global Cinema in a Landmark Night in San Pedro Cholula

    World Class Film Awards 2026 Celebrates Global Cinema in a Landmark Night in San Pedro Cholula

    Songs for the Return of Lizard Season 🦎☀️

    Songs for the Return of Lizard Season 🦎☀️

    How Tom Holland and Zendaya Helped Draw Gen Z Crowds to ‘Spider-Man: Brand New Day’

    How Tom Holland and Zendaya Helped Draw Gen Z Crowds to ‘Spider-Man: Brand New Day’

    Three Great Documentaries to Stream

    Three Great Documentaries to Stream

    • Gaming
    • Movie
    • Music
    • Arts
  • Sports
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Karley Sciortino’s Story of an Erotic Discovery Becomes a Film

    Karley Sciortino’s Story of an Erotic Discovery Becomes a Film

    Justin Trudeau, Katy Perry and the Look of the Celebrity Statesman

    Justin Trudeau, Katy Perry and the Look of the Celebrity Statesman

    Spotlight on Fauci Said to Boost Book Sales for Kennedy and His Publisher

    Spotlight on Fauci Said to Boost Book Sales for Kennedy and His Publisher

    Dupes of My Favorite Restaurant Dishes

    Dupes of My Favorite Restaurant Dishes

    ‘The Odyssey’ Isn’t a Fashion Movie. But It Has One Great Outfit.

    ‘The Odyssey’ Isn’t a Fashion Movie. But It Has One Great Outfit.

    Legionnaires’ Disease Has Made a Home in New York City. Here’s How.

    Legionnaires’ Disease Has Made a Home in New York City. Here’s How.

    Car Condos Give Your Vehicle Luxury Housing

    Car Condos Give Your Vehicle Luxury Housing

    The Loafer That Thinks It’s a Scrunchie

    The Loafer That Thinks It’s a Scrunchie

    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
  • Trending
No Result
View All Result
New Edge Times
No Result
View All Result
Home Business

China’s Business Elite Sees the Country That Let Them Thrive Slipping Away

by New Edge Times Report
November 7, 2022
in Business
China’s Business Elite Sees the Country That Let Them Thrive Slipping Away
Share on FacebookShare on Twitter

“When the ability to govern decreases, even in the absence of any particular policy from the top, the ineptitude, brutality, and ignorance of lower-level officials will brew disasters for the common people they rule over,” said Mr. Wu, who is a senior research scholar at the Stanford Center on China’s Economy and Institutions.

Many businesspeople have lost a lot of money under “zero-Covid,” which has shuttered cities and locked millions of people in their homes for weeks at a time as the government seeks to eliminate the coronavirus.

“Under the leadership of this dictator, our great country is falling into an abyss,” said a hardware tech executive in Shenzhen. “But you can’t do anything about it. It pains and depresses me.”

Despite many conversations over the years, we never talked about politics. I was surprised when he called after the party congress to talk about his “political depression.” He said he used to be very nationalistic, believing that the Chinese were among the smartest and the most hardworking people in the world. Now, he and many of his friends spend most of their time hiking, golfing and drinking. “We’re too depressed to work,” he said.

Until a year ago, his start-up was doing so well that he was planning to take it public. Then he lost a big chunk of his revenues and his new hires sat idly with nothing to do when cities were locked down under the “zero-Covid” rules. He said now he has no choice but to lay off more than 100 people, sell his business and move his family to North America.

“Since the dark night has descended,” he said, “I’ll deal with it the dark night way.”

The tech entrepreneur from Beijing who texted me after the party congress recounted a chilling experience. In May, when there were rumors that Beijing could be locked down, he felt he could not tell his employees to leave work early and stock up on groceries. He was worried that he could be reported for spreading rumors — something that had gotten people detained by the police. He told them only that they should feel free to leave early if they had things to take care of.

This successful business person is now applying to emigrate to a European country and the United States.

Previous Post

Bob Dylan Breaks Down 66 Classic Tunes in His New Book

Next Post

The World’s Most-Visited Glaciers Could Soon Be Gone

Related Posts

Wall St. Wants Another Half-Trillion Dollars for the A.I. Boom
Business

Wall St. Wants Another Half-Trillion Dollars for the A.I. Boom

by New Edge Times Report
August 10, 2026
Chipotle Removes Jalapeños Linked to Salmonella Outbreak From Its Restaurants
Business

Chipotle Removes Jalapeños Linked to Salmonella Outbreak From Its Restaurants

by New Edge Times Report
August 5, 2026
Man’s Claim That Brakes Failed on Jaguar Was Scam to Avoid Car Payments, Court Rules
Business

Man’s Claim That Brakes Failed on Jaguar Was Scam to Avoid Car Payments, Court Rules

by New Edge Times Report
August 4, 2026
Leave Comment
New Edge Times

© 2025 New Edge Times or its affiliated companies. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Terms & Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

Follow Us

No Result
View All Result
  • World
  • U.S.
  • Politics
  • Business
  • Science
  • Tech
  • Youth
  • Entertainment
    • Gaming
    • Movie
    • Music
    • Arts
  • Sports
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
  • Trending

© 2025 New Edge Times or its affiliated companies. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In