‘Xiconomics’ Is a Myth, but It Allows Xi Jinping to Further Consolidate Power

‘Xiconomics’ Is a Myth, but It Allows Xi Jinping to Further Consolidate Power
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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News Analysis
During China’s Cultural Revolution, it was mandatory for citizens to not only read the “Little Red Book“ of Mao Zedong, but to carry it with them at all times. Similarly, ”Xi Jinping Thought” on socialism with Chinese characteristics is now mandatory for all elementary and secondary school students. “Xi Thought” is also taught at learning centers across the country. Xi is the first leader who’s had his thought enshrined in the state constitution since Mao.
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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