China's Turn Towards Nationalism and Its Economic Troubles

China's economy is facing challenges as foreign investment dries up and debt continues to rise. The Chinese Communist Party, under the leadership of Xi Jinping, is turning away from capitalism and towards nationalism to maintain control. However, this move away from economic freedom is likely to contribute to further economic decline in the country in the long run. The Chinese government's refusal to prioritize transparency, accountability, and the rule of law has led to politically corrupted markets and a debt crisis. Additionally, China's discriminatory policies against non-Han Chinese citizens and its use of slave labor also make it a Jim Crow or apartheid country. Despite these issues, some Western institutions and elites continue to do business with China, turning a blind eye to its human rights violations.