Remember The ‘Chinese Century’? Sorry, Comrades, Xi Just Killed It

 With Xi Jinping's stunning shift back into Maoist totalitarianism, China is destined to become an economic mess once again

• With Xi Jinping's stunning shift back into Maoist totalitarianism, China is destined to become an economic mess once again. Not only is GDP growth falling but, because of its massive debt, plunging demand for Chinese goods, and a weakening yuan, China's struggling. China's once-torrid real estate market, inflated by Chinese government loans, has crashed. "This is what annihilation looks like: China's semiconductor manufacturing industry was reduced to zero overnight," tweeted one Chinese entrepreneur. Why is all this happening? China's ills are a direct result of Xi Jinping's reversion to stultifying Marxism. Here's what Xi himself said at the recent party congress, where he won a third five-year term as China's all-powerful leader. As we wrote back in 2014: "Not only has China not passed the U.S., but it's quite possible it never will. China's population growth is heading for a dramatic Japan-style collapse, which will slash economic growth dramatically in coming years. Growth has already slowed from 10% a year in the 1990s and 2000s to 7% - and it's likely to fall further from there."

https://issuesinsights.com/2022/10/27/remember-the-chinese-century-sorry-its-economic-miracle-is-over/