All of this has crimped economic growth to a projected meager 2.8%. Four crucial choices for ChinaIn this increasingly adverse environment, Xi has to make several long-term decisions which have contradictory political and economic outcomes. Striving for self-reliance may be appealing politically, but it has a negative impact on China’s ability to generate productivity-led growth. The next chapter of productivity-led growth requires much more nimble party members who can spur innovation and productivity. ConclusionIn the evolving scenario of prioritizing political goals over economic growth, the choices China has to make under Xi’s leadership are stark.

Source: Washington Post October 15, 2022 10:41 UTC