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Xi Jinping's speech: yes to zero-Covid, no to market reforms? | CNN Business

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Even though China’s economy is beset by problems ranging from a real estate crisis to youth unemployment, Xi Jinping did not offer any grand ideas to set the country back on track during his two-hour opening speech at the Communist Party Congress

on Sunday. The Chinese leader is expected to secure an unprecedented third term in power at the week-long congress. Priorities presented at the political gathering of more than 2,000 party members will also set China’s trajectory for the next five years or even longer. In his speech Sunday, Xi struck a confident tone, highlighting China’s growing strength and rising influence under his first decade in power.

Crackdown to continue “We believe the ongoing Party Congress may not be an inflection point for major policy changes,” Goldman Sachs analysts said on Sunday, adding that they believe China may not loosen its Covid restrictions until at least the second quarter of 2023.

 

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lauraliuhe Who knows fighting with other better than how to earn a dollar can do noting for the economy

Worry about America's own inflation first! Care about the lives of the American people at the grassroots level! Care about the youth unemployment rate in America! Compared with the United States, Chinese youth are not short of food at present.

few dictators suspect everyone finds them a huge bore 💤💤; they just love their own voice too much

Doubt. 🧐 How many international companies (Ford, VW, GM, BMW, Apple) will keep their manufacturing in CHINA, after Xi Jinping's speech? Just curiosity

And the US economy is booming, right?

You point out the problems of youth unemployment and the crisis in the real estate market as if they did not concern European countries or the USA. What European politicians are doing to combat these problems...

I couldn't understand anything he said

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Xi Jinping's speech: yes to zero-Covid, no to market reforms? | CNN BusinessEven though China's economy is beset by problems ranging from a real estate crisis to youth unemployment, Xi Jinping did not offer any grand ideas to set the country back on track during his two-hour opening speech at the Communist Party Congress on Sunday. I couldn't understand anything he said You point out the problems of youth unemployment and the crisis in the real estate market as if they did not concern European countries or the USA. What European politicians are doing to combat these problems... And the US economy is booming, right?
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