The Chinese economy is in its worst shape in recent memory — and most of its problems can be directly or indirectly attributed to Xi himself.
Xi Jinping has botched the political business cycle.
An effective leader — in China or elsewhere — will typically manipulate economic policy to create good short-term conditions and optimism in the run-up to an election or critical meeting. That was the case back in 2017, as Xi was able to push through some tough measures in 2016 before enjoying a smooth recovery in the run-up to the 19th Party Congress.
Today, the situation is the reverse. As China approaches the 20th Part
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Washington’s $370 billion Inflation Reduction Act was seen as a generational opportunity for miners in the U.S. as well as mineral rich trading partners. But almost two years later, the North American mining industry is in crisis and no closer to chipping away at China's dominance. What went wrong?
The academic explains why we need to look beyond the actions of the Chinese government to understand how and why China is shaping countries in the region.
Navigate China's Business Landscape with Confidence.