April 24, 2024
Economy

Xi’s One-Man Rule Over China’s Economy Is Spurring Unrest


Xi Jinping’s consolidation of power has cleared the path for him to break China’s cycle of debt-driven growth and put the economy on a more sustainable footing. But there’s a big problem: He’s failing to convince the nation that’s a good idea.

As the world’s second-biggest economy undergoes a prolonged slowdown, Xi’s move to shun the old playbook of unleashing broad stimulus is spurring discontent. The China Dissent Monitor, a project of US-based Freedom House that collects information on protests, says economic demonstrations have remained elevated since August, with many focused on labor disputes and a real estate crisis that’s cutting into household wealth.



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