There is a wonderful quote by Winnie-the-Pooh that goes something like this…. Before beginning a hunt, it is wise to ask someone what you are looking for before you begin looking for it. Speaking of Pooh and wild-goose chases, the Chinese authorities seem to be expending an inordinate amount of energy hunting fantom enemies. They have targetted technology companies, property developers, food-delivery outfits, wealthy individuals, and private-tuition companies. Let’s not forget that the open economy of Hong Kong that has also been caught in the crosshairs of the authorities. And now “unpatriotic” and “unethical” actors are being mugged in broad daylight by the powers that be. Who’s next? It’s hard to say who or what might be next. But whilst the captain of the Titanic is busy rearranging deckchairs – otherwise known as promoting the fantasy of “common prosperity” – the unsinkable ship that is China is slowly but surely descending to the bottom of the ocean....