The blame mainly lies with the Xi dictatorship, where as previously the CCP was ruled by committee. I can't imagine the CCP doing this in the era before Xi and post Deng Xiaoping. imo the CCP is gone. It's the Xi Jinping Party now
The good news for the West and China's Asian competitors is that he is effectively helping slow and cripple China's progress. Xi advocates a return to Mao centralism while ignoring all the good that came with Deng Xiaoping's decentralization reforms. With this act, he is also introducing a lot of uncertainty for any foreign investors. This gives the West time to recuperate since the failure of the anti-BRIC TPP.
Everyone is talking like the CCP are the culprit here. There is big turmoil within the party right now, because Xi has taken absolute control of all areas of government.
He wants to be a Mao 2 and all the moderates in the party are gone (Deng, Chou, Bo, Hu) The good thing about this is hopefully when Xi dies it gives China an opportunity to change things maybe even away from the party. The bad thing is... well dictatorships...
The good news for the West and China's Asian competitors is that he is effectively helping slow and cripple China's progress. Xi advocates a return to Mao centralism while ignoring all the good that came with Deng Xiaoping's decentralization reforms. With this act, he is also introducing a lot of uncertainty for any foreign investors. This gives the West time to recuperate since the failure of the anti-BRIC TPP.