Is Today’s China Yesterday’s Soviet Union?
Xi Jinping and the rest of the Communist Party of China leadership apparently do not realize that the same fundamental problems that sank the Soviet Union are now threatening to sink China. The long experiment in opening up appears to be over, making economic failure all but certain.
https://prosyn.org/nLIXRvW
STANFORD – The 20th National Congress of the Communist Party of China (CPC), held this past October, confirmed President Xi Jinping and China’s top political leadership for the next five years. But what that means for the Chinese economy going forward will depend on three factors: the state of the country’s institutions, past and current economic conditions, and the leadership’s political intentions.