[cityhantam]

China problems today self inflicted by Xi

1. ,zero covid policy devastated the economy.
2. Tech company crackdown destroyed hundreds of billions in value and growth.
3. Education sector crackdown wipe off entire private education sector with millions employed.
4. Anti spy law used to arrest business consulting fpreigjn company executives ..these companies collect data for foreign investors because china data is opaque.
5. Refusal to sigh trade deal with US after Li He negotiated a good deal. This deal is similar to the one US sign with Mexico. Now Mexico is US biggest trading partners.
6. Property sector mismanagement allowing bubble to grow too big then abruptly clamping down with 3 red lines.
7.  Belt and Road it cost China hundreds of billions as poor countries default.
8. "Common prosperity " concept caused many rich Chinese to shift money out to Singapore. They fear wealth confiscation under communists.

Next mistake is failure to take decisive actions at the very  onset of deflation. This is textbook classic error.  Reason is Xi surround himself with people without deep economic expertise

China had a very strong vibrant economy when Xi came to power. Because Xi is a hard-core communist his focus is his own power consolidation and use of propaganda rather than economic reforms. China's economy is on a downhill spiral.

You are so good ah?

Go and be Xi's advisor lor!