Xi Jinping has cracked down on the private sector, not recognizing that it was what got China out of Tiananmen. The economy is never going to return to the kind of prosperity that China enjoyed between 1989 and I will argue, published 2018, 2017. To maintain the size of the Chinese government, you require rapid GDP growth to generate the revenue to support the government.
Given the disruptive events unfolding in China in recent weeks, what does the future holds for Xi Jinping and the country? Some say that this is a pivotal moment for Xi’s strongman rule, especially given that the Chinese economy is also suffering. And what do China’s political and economic challenges mean for the rest of the world? To answer these questions we’re joined by Yasheng Huang professor at MIT and author of Capitalism with Chinese characteristics and Kerry Brown, Director of the Lau China Institute at Kings College London and author of Xi: A study in power. Our host for this episode is Carl Miller.
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