Some of the developments are welcome corrections to the mixture of blind wealth acquisition and insider connections that have accompanied China’s economic rise.
But CCP ideology is dynamic and has its own logic. Xi Jinping has openly declared that his objective is first and foremost political. As Fan Xingdong, a widely publicized Chinese observer has noted, "platform antitrust is not only a matter of economics and profit, but also a matter of politics and power [...] The superplatforms [...] do not show their capabilities and power easily in normal times, but this does not mean that they will not impact or even subvert the social and state order in unexpected situations or extraordinary times". Rather than progressive taxation, the changes emphasize "tertiary distribution" (sanci fenpei, 三次分配): this is fast becoming a euphemism for mandatory philanthropy.