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Xi tightens grip on China, what does this imply for the financial system? | Xi Jinping

From: Counting the Cost

Chinese language President Xi Jinping has secured a precedent-breaking third time period because the Communist Get together’s chief.

When Xi Jinping assumed energy in 2012, China’s financial system was booming.

A decade later, that progress is being dragged down by strict COVID-19 curbs and a deepening property disaster.

Critics of the Chinese language chief primarily blame the weakening financial system on his insurance policies. But, Xi has given few indicators of adjusting his method after consolidating his maintain on energy. He insists the financial system is resilient and has promised to deepen financial ties with different nations, as he begins an unprecedented third time period as chief of the Communist Get together.

In the meantime, United States President Joe Biden is choking off China’s entry to superior semiconductors.

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