- China's economy is struggling and not recovering as expected after abandoning its 'zero-covid' policy.
- Growth is slow, house prices have fallen, and consumer spending, business investment, and exports have all fallen short.
- China's economic challenges stem from failures in economic policymaking, exacerbated by President Xi Jinping centralizing power.
- Short-term growth is no longer the priority of the Chinese Communist Party (CCP), as it focuses on national greatness and security.
- Policy failures and bad decision-making coincide with Xi's centralization of power and replacement of technocrats with loyalists.
Why China’s economy won’t be fixed
China's economy is struggling due to policy failures and bad decision-making, exacerbated by President Xi Jinping's centralization of power. Growth is slow, house prices have fallen, and consumer spending and business investment have fallen short.