3min chapter

The Real Story cover image

Xi Jinping’s plan for China

The Real Story

CHAPTER

China's Economy Is a Blind Man on the Elephant

L Lucia: I've been an economics and financial journalist in China basically since 2004. And back in those days, we were all talking about the global super cycle, the commodity super cycle. Now that wasn't done by Xi. He was part of that decision making, but he wasn't in power at the time. So he inherited an economy that had been artificially juiced, right? That's a give you an expression. It's kind of like putting a teenager who's just hit the end of his growth spurt at age 18, suddenly giving him growth steroids and then like he's seven and a half feet tall.

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