Digging into China

https://video1-us-east.cloudokyo.cloud/video/v12/2d/d8/57/2dd85718-c0e7-43a8-96d2-070c1e760a0b/master.m3u8

Li Qiang, China's Premier, has outlined a new economic direction emphasizing a self-sufficient domestic cycle, diverging from past rhetoric that balanced domestic and international cycles. His focus on resource allocation, technological integration, and independent supply chains suggests a potential decoupling from the global economy. However, this approach sidesteps critical issues like deflation, overcapacity, and declining consumer spending, attributing challenges to external factors like the trade war while ignoring domestic crises such as real estate and debt. Speculation about leadership changes at the Fourth Plenary Session has intensified, fueled by military purges and diplomatic incidents, like He Lifeng delivering Li Qiang’s letter in Switzerland. Some suggest Xi Jinping might adopt a partial retirement model, retaining key roles while relinquishing others. Yet, evidence of Xi’s weakening authority is weak, and his fear of retaliation makes voluntary power reduction unlikely.

Help me grow the channel by donating any amount through the link below—your support makes a difference!
https://paypal.me/DonXiang

Email me: DiggingToChina2020@gmail.com

Power Shifts in Beijing: What’s Next for the Fourth Plenum?

Digging into China