Part 7/8:
To shift towards a consumer-driven economy would require the Chinese Communist Party to cede some control over economic policy. However, the ideologically rigid approach of the CCP, particularly under Xi Jinping, poses significant barriers. Current governmental strategies lean towards sustaining state control and prioritizing exports over the immediate economic well-being of the general population.
Although Xi promotes the notion of “community prosperity,” he simultaneously derides welfare spending, showcasing a reluctance to invest in the populace's needs and further entrenching the party's grip on power.