Q. What impact is furthering Xi’s rule going to have on the Chinese economy?
A. The Chinese economy has a number of very serious problems right now, some resulting from corrections Xi Jinping has made in the property market. And how much trouble those corrections are going to lead to, because of local government debt and other types of problems, remains to be seen.
The “zero COVID” policy had another major effect on the economy. If China changes the policy, you’ll see various rebound effects in the Chinese economy, similar to the rebound effects of declaring COVID over in the European, American and Indian economies.
Another serious problem is the central control and the stifling of independent industry in China. But central control also has its positive sides, as far as adjusting to a changing global economy. And the global economy is the big problem. The world economy faces a poli-crisis, of which…
