ChinaTalk Xi: Failed Reformer?
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Jul 10, 2021 Dan Rosen, founding partner at Rhodium Group, discusses Xi Jinping's assertive governance and its implications for China’s economy and global relations. He examines why Xi governs with urgency, the mixed outcomes of his reforms, and the ongoing tensions surrounding Taiwan. The conversation also touches on China's technological ambitions and lessons from historical moments like Sputnik, revealing the challenges of steering a complex economy under authoritarian rule. Expect insights into the broader geopolitical landscape and the future of China’s development.
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Early Reform Success
- China's economic reform from 1978-mid 2000s was successful due to initial poor conditions.
- Stopping harmful policies and allowing peasant autonomy fueled growth.
Xi's Urgency
- Xi Jinping governed with urgency due to internal party issues and perceived international opportunity.
- He aimed to address organizational problems and capitalize on changes in the U.S. post-financial crisis.
Reform Setbacks
- Xi Jinping's economic reforms faced setbacks, like the 2013 interbank market intervention.
- This caused interest rates to spike, leading to a stock market fall and policy reversal.
