This week we’ll have a clearer idea of whether Xi Jinping has a plan to deal with the myriad economic problems facing the country.
Amid a step-up in opacity from Beijing,finding meaning in this week’s National People’s Congress is all about reading between the lines.
Xi Jinping’s consolidation of power has cleared the path for him to put the economy on a more sustainable footing. But there’s a big problem.
China’s problems are mounting. And it is ramping up efforts to fix its biggest one.
Never before has a president of the United States – even a former one aspiring to reclaim the office – suggested he would incite an enemy to attack American allies.
The West should be more worried about how Xi Jinping reacts to his country sinking into an economic mire. It’s time to prepare for a new cold war.
China’s plan to dominate the electric car industry is part of a long-term strategy. But it’s creating problems for Beijing and the rest of the world.
Former premier Wen Jiabao famously described China’s economy in 2007 as “unstable,unbalanced,uncoordinated and unsustainable”. It is in even worse trouble now.
China’s property downturn,already the longest on record,is not only dragging on - it is accelerating.
Nowhere better showcases the opportunities and vulnerabilities of China’s economy than Hefei.
The long-overdue demise of the notorious property developer will force China’s authorities to make some difficult decisions.