AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Tension Between China's Control and Economic Growth
China's ambition and control over its economy are causing tension as the party struggles to balance economic growth and political control. The decentralizing effect of increased household demand and financial freedom poses a challenge to the party's control. The significance of public business entities in Beijing is evident through their monumental presence. Additionally, the need for diversification to counter the impact of decoupling from the US presents a complicated situation for China's domestic economy.