China Political Autocracy Limits Econ Prospects

Chinese President Xi Jinping’s attempt to build a more socialist economy with excessive Communist Party control contradicts more market-oriented reforms China has tried to implement since the late 1970s. On October 16, the 20th National Congress of the Chinese Communist Party reaffirmed Xi’s control over the country and his party for a third term and, in doing so, endorsed his dangerously flawed economic policies. Read Full Article »