Three Ways Xi Might Respond to China's Fiscal Bankruptcy
China's financial picture is bleak and Xi Jinping will have to act decisively to maintain power. And that could mean paving a potential path to war.
By Jennifer Zeng
China is experiencing a significant economic slowdown. Part one of this report analyzed official tax figures to understand the severity of this situation. Beijing is grappling with a long-term drop in fiscal revenue, with the real estate crisis having a significant impact. Part two explores how China's economic downturn is affecting everyday lives. Crucially, it also examines three potential actions that Xi Jinping might consider to maintain power during this critical juncture.
Part one: A Big Turning Point in China's Fiscal Bankruptcy
Click here to read the rest: https://japan-forward.com/three-ways-xi-might-respond-to-chinas-fiscal-bankruptcy/
10/2/2023
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