The Economy Is Not Doing Well, but We Have No Time to Lose

After two long months, Shanghai's brutal lockdown is over in name, but Xi Jinping is telling officials to ‘unswervingly adhere’ to Zero COVID, despite the costs. Shanghai’s lockdown brought chaos to global supply chains and torpedoed China’s once-sacred economic growth targets. It’s also taken a toll on the city’s residents; once the nation’s most privileged, they had a front row seat to the arbitrary nature of government decrees. To unpack what happens next, Louisa and Graeme are joined by Jennifer Pak, the Shanghai-based correspondent for Marketplace and Victor Shih, political economist at the University of California, San Diego whose new book Coalitions of the Weak: Elite Politics in China from Mao’s Stratagem to the Rise of Xi is just out.  

Image: c/- Wikimedia Commons. Hubei medical team aid Shanghai COVID-19 community testing on 4 April 2022. https://www.youtube.com/watch?v=XzrsLxGy9Gg

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