The Tragic Path That China Is on Under Xi Jinping

Yoshang: I would imagine that the failures of delivering robust productivity gains through industrial policy do not cause Xi Jinping to take a drastically different course. "I feel like this is going to be doubling down on a failed strategy rather than conceptualizing a new policy approach," he says. Yoshang: If it continues for a number of years, the effects are going to be very, very dire. 'It's just a truly human tragedy for an economy not to grow'