How Xi Jinping is damaging China’s economy

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Xi Jinping is damaging China’s economy—and the president’s inflexible policies have big implications for the world. Our latest cover story:

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past 20 years China has been the biggest and most reliable source of growth in the world economy. It contributed a quarter of the rise in globalover that period and expanded in 79 of 80 quarters. For most of the period since China opened up after Mao’s death, the Communist Party has taken a practical approach to making the country richer, mixing market reforms with state control. Now, however, China’s economy is in danger.

It is, however, Mr Xi who bears much responsibility for the twin blows to the economy. The first is his zero-covid policy, which has been enforced for 28 months. The party fears that opening up would lead to an exit wave that could kill millions. That may be true, but it has wasted precious time: 100m people over 60 are not triple-jabbed. It refuses to import more effective Western mvaccines. Instead the plan may be to push zero-covid into next year.

The government hopes a vast stimulus programme that is in the works will help it meet the official growth target of 5.5% for 2022 and calm nerves ahead of the congress. On May 19th Li Keqiang, the prime minister, urged officials to “act decisively” to restore growth, and the central bank cut mortgage rates. The party has tried to reassure terrified tech tycoons. A likely next step is a big bond-financed government infrastructure programme.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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Literally * -1

PhlochteFever why you don't say your country only just focus on China!apart from that,china nowadays GDP may be the highest around the world. just shut up

El presidente quiere reelegirse y no sabe reactivar la economía. ¿El general en su laberinto?

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I actually think that those families that control the dollar are destroying the global economy. How about we focus on that!

Why does the world depend on Russian oil/NG? Why does the US depend on Communist China products? Answer: DC Lobbyists, DC and Companies make more money.

As the voice of European financial aristocracy, The Economist is now worried about China's economic growth.

HO HO HO the mouthpiece of America empire

XeuleBot

HarisA1i

The truth is opposite.

Die Blockade Shanghais ärgert andere Länder. Xi Jinping zeigt Chinas Einfluss

Sounds really terrible, hope the situation will change

As a Chinese I hope everything The Economist says is False but unfortunately it's true.

US printing trillions money to devalue our purchasing power. That is the implication you should highlight to the world. 99% of people suffer from this. US unlimited sanction in everything create economic chaos to the world. That's what you should highlight too

Covid-19 is damaging China's economy!!

is nothing but an anti-china propaganda

Entropy_Liberty The truth is that China’s slowdown should be ascribed to the lockdown and the gov ignored the great opportunity to find ways to handle Covid-19 in 2021.

so desperately wanted ! cover story seems like a wishlist for you.. go get some unbiased perspectives! still call yourself a media? 'sanctions to Russia, GDP grown inspite of war,' how's that?…or 'behind sanctions, US become largest buyer of Russian oil!',

she male?

Will the Economist's great 'Cover Story' enlighten these dimwits US leaders and advisors especially blockhead secBlinken & dork jakeSullivan46? they don't have to waste their resources and time attacking China, they need to sit back and watch China die from natural courses.

You sob wrote An article condemning Eritrea yet you never mentioned the murder rape of Eritrean refugees who are settled Tigray either this is racism stupidity cruelty or Indifference Are you being paid off by lobbyists

Where did you get your data from? Or is it just the guesswork of your buttery brain.🤔

The economist should not be another media tool to create an ideological and political divide and wars in the world. Stay on economic issues if you would like to increase your followers and tell us more about the boomerang effect of sanctions on Rusia to the rest of the World

“New”?

Despite saving millions of Chinese citizens' lives, The Economist sees little threat to Xi. Escaping comment is that Biden, partly because his weakness contributed to the death of a million Americans, does face big threats to his rule

Suggest care less about China and more about the US.China is very good.

is not professional. It's mere propoganda tool.

Lying! The truth: Media n journalists no longer sticking to professional principles to news around facts and truths 4 public 'Bought Journalists' disclosed most journalists hired by CIA (+state secret unit) to act as propaganda machines n earn extra $dirty!

fact base pls. China's reform program under Xi Jinping: 1. 800M out of poverty. 2. GDP gain fastest in the world. 3. Level of happiness highest in the world (IPSOS 2020) 4. Highest level of trust to Govt (Edelman Trust Barometer 2021)

B_Sputnik 'The immediate issue is its zero-covid campaign, which has caused a slump and may condemn the economy to a stop-start pattern. That's compounding Xi Jinping’s ideological struggle to remake capitalism. China will grow more slowly and be less predictable, with big consequences.'

the comments are full of joy. in chinese, this kind of situation is usually called car turned over..(for The Economist)

China and Putin they all have ancestors paranoia, China regards the entire world as a 'breakaway province.' and Its own “descendants”and “legacy”. They would claim the earth & the whole galaxy & Worldwide ‘Asian’ belong to them. What a disgusting country! world have to stop it.

I don't think he is damaging the Chinese economy with 440 tons of gold in the Chinese treasure ,against 7 of the US THATS NOT EVEN BELONGS TO US ITS COLOMBIAN PERUBIAN CHILEAN ARGENTINIAN ECT ECT

这期经济学人国内彻底发不出来了

Don’t bother The CCP. They are doing just fine. Keep it going Xi 👏

But Chinese economy still arise

Mmm, i think china is the worlds 1 manufacturer at the monent. Every thing i buy is made in china. Almost the the whole world is china's consumer. I don't know what this mean to others, but for me china is at its crest point.

This must be the joke of the day🤣🤣. So ridiculous that it's laughable to see an article like this that's nothing but propaganda. Today every1 has direct contact with China & knows better. Gone are the days when we deepened on your paper to be filled with fake news. Wakeup!

Curiously, advisors to Xi Jinping are revolutionarily destroying China, its world reputation and economy.

Where do you really dream up such Fake News? You ain’t kidding us Eritreans but perhaps your own western so called educated civilised society who spend much of their time in TikTok & Instagram entertaining themselves for you offer no Real alternative. Fake News Fake Economy.

1. MAINTAIN HUMANITY UNDER 500,000,000 in perpetual balance with nature..... HOW DO YOU, GODLESS EVOLUTIONISTS, INTEND TO DO ALL THAT? Chemical warfare agents: MUSTARD GAS, WHITE PHOSPHORUS, AGENT ORANGE, PHOSGENE GERM WARFARE like ANTHRAX, COVID...

Who is caring economy, US or Russia or China or NATO countries. US wish to teach lesson Russia excuse Ukraine, and China excuse Taiwan. Let war open and see who is eating what.

Come on. Should you wait and see.

请问哪里可以看到全文

This is the ideological difference between you and me: The Chinese value life far more than the economy

Don’t talk rubbish

US economy dragged down because of China’s lockdown, who’s the cuck now. If your rhetoric of China going to start a war, they will just cut off all exports to US and US will crumble internally.

it's total nonsense,where did you get the data?

CHINA got genuine friends they don't need these kiss my A...or else fools

Rubbish talk

They out here focusing on China while their economy is also sh$t

L'économie chinoise devient la première du monde. Vous avez quand même eu le culot de prétendre le contraire.

He walks with style and confidence. Like a BOSS

fake baseless accusations and allegations garbage Eritrea lead by president who wisely committed 2generations transformation yes TPLF who are in slaved itself to it’s masters in Western Eritrea forward ever backwards never never kneel down fabricated lies don’t work

even a log in can stop me continue this crack

To keep fast growing model that benefits foreign investors most, or to adapt a new slowdown model but more sustainable? Obviously Anglophone medias favour the former, but China’s leader chose the latter. To do something that your enemy less appreciates is always the right choice.

any professor here?

Yeah,yeah, they are bad and we are good. Great!

he is killing China's economy by himself...Thrump will be very glad for that

The way he's walking without looking at the down step will make him tumble down. Heh, heh,

i don't know why u can easily say the false about xi,but one thing I know that the American's economy is declining,deflation.

Good analysis and great cover on Xi’s China making clear that, similar to Putin’s Russia already going down, leadership without contradicting opposition won‘t prevail when it comes to real headwinds.

carlosamarin Y se está desplomando una de las economías más fuertes del mundo, una secuela inevitable que se veía venir después de una pandemia que se ha mantenido por más de 2 años y con esto el resto del mundo en Vilo dependiendo de china para las importaciones. Un dominó.

2000 🇨🇳1.21 trillion$ 🇺🇸10.25 trillion$ 2022 🇨🇳19.91 trillion$ 🇺🇸25.35 trillion$ during 22 years 🇨🇳⤴️1,545% 🇺🇸⤴️147% source:IMF

Seems you are so proud of your inflation

Blablabla... evening your economic analysis are biased...

Dictator has his way. China will be isolated gradually.

考研为什么要从这里选文章?它也配?

A load of nonsense. At present, the US economy is more dangerous than China.

🦻🏾

don't lie to people. What you have said so far has been the opposite. :))) people are reading and believing your journal. you lose your dignity day by day

?看经济学人真要把人气死

during corona time everybody were locked up but china was busy to selling face mask n collect billions n billions. leave others income. than, How can u assumed he is damaging chinese economy?

放你个狗屁,政治学人张嘴就来

🤥

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