Souce: The American Conservative
Xi Jinping’s massive insecurity complex has led to a crisis that’s beginning to affect global markets, too.
Chinese President Xi Jinping, inspects the novel coronavirus pneumonia prevention and control work in Beijing, capital of China, on Feb. 10, 2020. (photo by Pang Xinglei/Xinhua via Getty)
China’s had a difficult year in 2019, balancing political unrest in Hong Kong and among oppressed Muslims with its trade dispute with the United States. All this has already caused the Chinese economy to slow considerably, with a spillover into the global economy that has still not been fully appreciated by investors and policymakers.
This year began with the explosion of the coronavirus crisis in Wuhan, a health disaster caused by China’s indifference to the basics of civil sanitation and hygiene. In both cases, what should have been a manageable challenge became a global crisis because of the inefficiency of authoritarian rule by the Chinese Communist Party (“CCP”).
Since rising to power in 2013, Xi Jinping has viciously attacked his political rivals and discarded China’s collective leadership. Xi’s brutal rise to sole power in China is nothing if not a display of massive insecurity. Revelations that Beijing feels the need to imprison over a
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