Xi Jinping has yet to refer publicly to the Peak China concept, but the risks of stalling are clearly on his mind
Mr Xi dwells on the collapse of the Soviet Union even more than his predecessors did. In his view, its causes were chiefly political: ideological laxity and a lack of discipline within its ruling party. In his published speeches, he does not spend much time on other problems that may have played a part, such as the financial burden of military competition with the West, or the costs of having swathes of the economy under the control of inefficient state-owned enterprises.
As more difficult years loom—with an ageing society, shrinking population and slowing growth—logic might seem to prod Mr Xi to consider economic and social reforms. Useful ones would include scaling back state-owned firms, giving private businesses freer rein in critical parts of the economy and providing rural migrants with fairer access to state-funded health care and education in cities. But his end-of-dynasty fears will complicate decision-making.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peak District landowner admits illegal peat burning on moorlandThe case was the first to be brought by the Crown Prosecution Service (CPS) under new laws introduced in 2021. Read more:
Read more »
Peak District landowner admits illegal peat burning on moorlandDunlin Ltd, which owns Midhope Moor in the Peak District, is fined by Sheffield magistrates.
Read more »
How soon and at what height will China’s economy peak?Many thought China’s economy would soon eclipse America’s. That would allow China to become the world’s pre-eminent military power, and supplant America as the world’s most powerful country. But others believe China’s relative clout is nearing a peak
Read more »
Woman and dog rescued near Peak District waterfallKai, a four-year-old Saluki, was rescued from a ledge above a 50m (164ft) drop in 'atrocious' conditions.
Read more »
Woman and dog rescued near Peak District waterfallKai, a four-year-old Saluki, was rescued from a ledge above a 50m (164ft) drop in 'atrocious' conditions.
Read more »
New 24-hour shop opens - and from midnight it starts to get busyIt's already proving a hit
Read more »