TOKYO :
Underlining the side effects of Chinese President Xi Jinping’s “abrupt and extreme” policies, a report published in a Japanese daily said Xi himself is a risk to the Chinese economy.
This comes as experts say that weakening growth in the closing months of 2021 could cause trouble as China faces a worsening real estate crisis, the latest Covid outbreaks and the country’s strict no-tolerance approach to controlling the virus.
Although last year’s growth figure is somewhat in line with the expectations. But, experts point out how China’s GDP expanded just 4 per cent in the last quarter of the year compared to a year prior, the slowest pace in a year and a half.
“If Xi fails to improve the economic situation by the Communist Party’s national congress in autumn, it could affect his power,” Japanese financial newspaper Nikkei Asia quoted a Chinese political…
