CLEAN : China's 'model' communist village in trouble

The video discusses the story of Bossy, highlighting issues of unchecked power and financial mismanagement by a party secretary in China. It explores the concept of capitalism with socialist characteristics, focusing on China's investment strategies. The video also examines the top-down control in China and the potential impact on the CCP's image, especially during its 100th anniversary.

What does the phrase 'Capitalism with socialist characteristics' imply in the context of the text?

Why might the bankruptcy of the entity mentioned in the text be problematic for the CCP?