China Business & Economy

CCP Mismanagement, Authoritarianism Pushing China Down Road to Economic Ruin: Experts

CCP Mismanagement, Authoritarianism Pushing China Down Road to Economic Ruin: Experts
Vendors selling tomatoes wait for customers at a market in Shenyang, Liaoning Province, China, on Dec. 9, 2021. STR/AFP via Getty Images
Michael Washburn
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Fiscal mismanagement, exacerbated by the growing authoritarian tendencies of the Chinese Communist Party (CCP), is quickly undoing economic and social progress and setting the stage for soaring poverty and social unrest throughout China, according to experts at a Hudson Institute virtual event on Jan. 11.

The virtual event “Is China Headed for an Economic Crisis?” featured Thomas Duesterberg, a senior fellow at Hudson Institute, a Washington-based think tank, and Leland Miller, chief executive of China Beige Book International.
Michael Washburn
Michael Washburn
Reporter
Michael Washburn is a New York-based reporter who covers U.S. and China-related topics for The Epoch Times. He has a background in legal and financial journalism, and also writes about arts and culture. Additionally, he is the host of the weekly podcast Reading the Globe. His books include “The Uprooted and Other Stories,” “When We're Grownups,” and “Stranger, Stranger.”
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