Quotes from the news wire:
The increase in regulation can bring some benefits to the Chinese corporate world as some sectors are very unregulated, but the increase in control also signals to the private entrepreneurs that they must now watch their steps more carefully and bring their businesses in line with Party guidelines or leadership.
The leaders of the tech firms that have become too powerful for the comfort of Xi and Our Party are put under pressure, as the monopoly of power across the board by The Party can not be allowed to be challenged, hence, they individually take actions to reassure The Party and Xi that they will not do so, by handing over the corporate leadership to protégés.
What would be useful is if countries, not just in Europe, but if all countries that care about human rights and ethical trading insist they will stop working with companies operating in Xinjiang unless they can independently verify the supply chain conditions, but the Trump administration has discredited itself in terms of moral leadership. I mean, who believes Donald Trump when he says he defends human rights ?
The pandemic had resulted in him being allowed to play more of the well-established role of the premier in running the economy, something from which he was side-tracked most of the time in the Xi era, he saw how the economic impact of Covid-19 would require a pragmatic and a more emphatic approach, hence allowing, even encouraging, street vending for those laid off as a result of the pandemic.