How Xi Jinping Became a Prisoner of His Party’s Language
As the ultimate institutionalist, Xi derives his power and authority from the Party’s ideology, rhetoric, and rules — but now finds himself constrained by them.
Chinese President Xi Jinping makes a toast after delivering a speech during celebrations for the 25th anniversary of Macao's handover, December 19, 2024. Credit: Anthony Kwan via AP Images
China’s economic recovery, long awaited after the Covid lockdowns, remains stubbornly elusive. Growth has stalled, consumer spending is muted, and confidence — both domestic and global — has frayed. The initial buzz created by policy pivots announced last September and reaffirmed at December’s Central Economic Work Conference has fizzled. The world’s second-largest economy feels stuck in second gear, unable to reclaim the momentum that once defined the “China speed.”
Note: 2024
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
