China’s new reality is rife with danger
The president will be defined by his campaign against his country’s capitalist excesses
XI JINPING IS waging a campaign to purge China of capitalist excesses. China’s president sees surging debt as the poisonous fruit of financial speculation and billionaires as a mockery of Marxism. Businesses must heed state guidance. The party must permeate every area of national life. Whether Mr Xi can impose his new reality will shape China’s future, as well as the ideological battle between democracy and dictatorship.
This article appeared in the Leaders section of the print edition under the headline “China’s new reality”
Leaders October 2nd 2021
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