Part 4/8:
Adding to the complexity of China's economic narrative, a recent article by Wall Street Journal Chief Correspondent Lingling Wei highlights a stirring assessment of Xi Jinping's economic strategies. Dubbed a "lost decade," the analysis reveals that unsustainable borrowing and real estate speculation have driven much of the growth during Xi’s tenure, resulting in China's current economic malaise. As the country grapples with a property bust and diminished consumer confidence, Xi remains steadfast, believing that a top-down approach to governance and industrialization will ultimately lead China to surpass the U.S. economically.