Xi Jinping Undermines Much of the Basis of China’s Economic Miracle

Xi Jinping Undermines Much of the Basis of China’s Economic Miracle
Chinese leader Xi Jinping waves during a ceremony to mark the 100th anniversary of the founding of the Chinese Communist Party at Tiananmen Gate in Beijing on July 1, 2021. Ng Han Guan/AP Photo
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Commentary

Chinese leader Xi Jinping looks increasingly like the anti-Deng Xiaoping. Xi would no doubt object to such a characterization. He has, after all, lionized Deng any number of times as the author of China’s economic miracle.

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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