China Is in an Inevitable, Long-term Slow Down Which Xi’s Policies Will Only Exacerbate

Xi has demonstrated that he knows little about economics. Chinese debt has surpassed the US as a percent of GDP and continues to expand rapidly. The State owned Goliaths are being allowed to expand rapidly once more, eating up markets that could better be served by free enterprise. Large , successful tech firms are beginning to fall under increasing Government control.

GDP growth ,which was measured in double digits a decade ago, is now certainly below the 6.2% announced rate. As a BBC reporter stated last night , "It feels like 2.6% ." But it was bound to decline , just as it did in the case of Japan and Korea before it. The real question is how fast can China grow with its increasingly centrally controlled socialist government.