New balances of power, leveraged to the limit
AN EPISODE OF THE LITTLE RED PODCAST
The Chairman of Everything Xi Jinping has emerged from the annual parliamentary meetings facing a rough year ahead. China’s economy is growing at its slowest in nearly three decades, amid a massive trade war and spiralling local debt, with rumblings of discontent from delegates about everything from the Belt and Road Initiative to Made in China 2025. Louisa and Graeme are joined by Andrew Collier of Orient Capital Research and Ryan Manuel of Hong Kong University, who argue that both political and economic decentralisation is underway, laying Xi vulnerable to forces beyond his control. ∎
