These crackdowns are all evidence that China’s experiment with free markets and increased economic freedom is coming to an abrupt end, as a country with a communist government, China will inevitably periodically crackdown and regulate industries that are not in the public interest. On some fronts the individualistic model of social mobility combined with economic prosperity has just generated extreme societal pressures in China. The gaokao is one of the toughest educational hurdles globally, causing rampant burnout and even mental health problems, which increasingly come contrasted against diminishing upward mobility in recent years. While people are increasingly turning to celebrity and the online world to escape such pressures, the government seems to be skittish about the prestige they are set to lose if they can no longer sustain the improving standard of living Chinese people have become accustomed to.
A plethora of societal pressures arguably could be eased by tamping down new individualistic free market mechanisms and forcing a more tradition, Confucian or socialist outlook on society, by this measure these decisions may seem warranted. In a post-2008 world the Chinese Communist Party are clear that the market economy is no panacea, and they have witnessed how the United States had to utilise state mechanisms to stop the shock collapsing the global financial system. It is no surprised then that socialism has come back in vogue in China then, like the Belt and Road Initiative the country's government is trying to crave out their own way and avoid the pitfalls of the international community, but whether they can do this, and indeed if they can do with through socialism, remains to be seen.