Chinese investment cuts require massive profit reduction and domestic wage rises.

Evidence

In August 2021, he announced curbs on ‘excessive incomes’ and, crucially, a new policy to shrink aggregate investment from 50 per cent of Chinese national income to 30 per cent – something that can only happen if Chinese capitalist profits from net exports to the United States are reduced massively while domestic wages rise. But is this a real campaign or merely a propaganda drive, a form of populism with Chinese characteristics? — Yanis Varoufakis, Technofeudalism, 648

Categorization

• QUESTION: The author himself flags doubt about whether Xi’s declared class war is real or performative — worth tracking whether investment actually falls toward 30%.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 648