Xi Jinping’s New Wealth Redistribution Plan Unsettles Investors

Xi Jinping’s New Wealth Redistribution Plan Unsettles Investors
Chinese leader Xi Jinping (on screen) delivers a speech during the celebrations of the 100th anniversary of the founding of the Chinese Communist Party at Tiananmen Square in Beijing on July 1, 2021. Wang Zhao/AFP via Getty Images
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Commentary
Chinese leader Xi Jinping explained his theory of Politics in Command Economy as creating “a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful.”
Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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