Xi Jinping has steered the country’s economy straight into the traps he identified himself five years ago.
Welders at a factory in Mengcheng, Anhui, China. Credit: IC Photo via Depositphotos
Xi Jinping is a prophet.
Five years ago, the Chinese president warned in a lecture to regional officials that “blockages in economic circulation” would cause a host of maladies: sluggish growth, rising unemployment, industrial overcapacity, shrinking corporate profit margins and falling household incomes.
An excerpt from a speech by Xi at a seminar for provincial and ministerial cadres, January 11, 2021. Credit: Qiushi
His foresight was uncanny. In the years since, each
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.
Millions of Chinese factory owners have been bequeathed a difficult inheritance. AI offers a way to modernize their parents’ low-margin businesses, but only if they can overcome often deep-rooted resistance to change.
The longtime China scholar says that while Trump has diminished America’s reputation, Xi Jinping’s continued overreach means China has failed to take advantage.
Corporate Risk Intelligence for National Security, Compliance & Due Diligence
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.
