Time and again the Xi Jinping era has seen top-down control justified as a key to lasting prosperity. But China is now in a funk. Orders from the top to be more optimistic will not work WorldAhead
By David Rennie: Beijing bureau chief, The Economisthis first ten years as China’s leader defying the notion that ever-stricter political control is the enemy of economic dynamism and social harmony. In 2023, as he begins a second decade in power, the sustainability of Mr Xi’s approach to governance—a power-hoarding, micro-managing style of rule—will be put to the test.
National security has become a pillar of Xi-era policymaking. Huge sums are spent on industrial policies to make China self-reliant, so that America and other adversaries cannot cut off supplies of “choke-hold” technologies. Most disruptively, in response to the covid-19 pandemic, Mr Xi’s China has built the most ambitious surveillance system in history, involving border closures, relentless testing, lockdowns of entire cities for weeks, movement-tracking smartphone apps and armies of enforcers.
The effects on morale are unmistakable. Consumer demand is weak. Property sales plunged in 2022. Mr Xi’s report to the party congress called for policies to raise birth rates, for the young are starting fewer families. The property crisis has hit local-government revenues just as bills for covid surveillance come due, leading to pay cuts for officials across the country.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
China’s tricky foreign relations pose a challenge to Xi JinpingTensions with America and Europe are just the start. With limited prospects in the West, Chinese diplomacy in 2023 is likely to focus on the global South
Læs mere »
What does the world need from the US-China relationship?On “Drum Tower” this week, hosts DSORennie and aliceysu speak to dannyrrussel, who has been in the room with Xi Jinping and Joe Biden many times, to find out how the two men relate
Læs mere »
Qatar And China Make History With 27-Year LNG Supply Deal | OilPrice.comQatar’s state firm QatarEnergy signed on Monday the longest-term contract in the history of the LNG industry in a deal to supply LNG to Chinese state energy giant Sinopec for 27 years.
Læs mere »
German producer prices fall for first time in over two years\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Læs mere »
NASA's Orion space capsule reaches the moon - marking the first time in 50 years🌌 NASA's Orion space capsule has reached the moon – marking the first time since the Apollo programme 🚀completed the task 50 years ago. Watch a timelapse of the Orion lunar flyby in which earth is visible 👇 🔗
Læs mere »
Death of Paisley soldier shot in head during night-time training ruled accidentalPrivate Conor McPherson, 24, was shot through his helmet by another soldier in August 2016, fatally injuring him. The tragic incident happened at Otterburn Training Area.
Læs mere »