China’s economic slowdown is driven by politics rather than by market forces alone, according to one of Taiwan’s prominent macroeconomists.
Speaking to The Epoch Times in a recent interview, Henry Wu, whose research focuses on monetary policy, international trade, and cross-strait geoeconomics, said Chinese leader Xi Jinping has sacrificed growth to maintain the Chinese Communist Party’s (CCP) grip on power, prioritizing it over financial stability and crippling the country’s growth prospects.
The world’s second-largest economy faces mounting challenges.
Official data show GDP increased by 4.3 percent in the second quarter year over year, down from 5 percent in the first quarter and below market expectations. …
China’s Xi Sacrificing Growth to Preserve CCP Rule, Says Economist
