It is a familiar path for an ambitious strongman — exerting so much control over a nation that he strangles it in the process. China’s President Xi Jinping is in danger of that, unless he changes course.
Next week’s National People’s Congress — the annual meeting of parliament and one of the most important events on the calendar — should be a chance to set the agenda to help bolster growth at a time of weak foreign direct investment. There have been attempts to stimulate the economy, including a draft law to help promote the private sector, but so far not much has helped. A key issue is the unprecedented amount of control Xi has exerted both on the political system and his people. This is affecting the country’s social and economic vibrancy, and making China less powerful globally.
China Economy: Xi Needs to Look Backward to Move Forward - Bloomberg
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