Xi Finds Another Way to Hurt China’s Economic Prospects

Xi Finds Another Way to Hurt China’s Economic Prospects
Chinese leader Xi Jinping applauds at the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China, on March 5, 2022. Carlos Garcia Rawlins/Reuters
Milton Ezrati
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Commentary

Sometimes Chinese leader Xi Jinping seems determined to cut China off from western involvement and the technologies that have contributed to China’s economic miracle. The list of impediments to this important source of development is long. The latest addition is Beijing’s decision to require foreign firms in China to host communist party cells within their management structures and give those cells power to make business decisions. By adding to the list of burdens imposed on foreign investors Beijing seems to have decided, though no doubt inadvertently, to impose yet another impediment to the country’s economic prospects.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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