4/ 🧵
China’s political leadership under Xi Jinping further complicates the situation. Xi has prioritized stability over bold reforms or dramatic changes despite the growing problems. His strategy has been to endure economic stagnation rather than implement sweeping reforms (Foreign Policy, 2025). At the same time, Xi has attempted to stimulate the economy with limited measures targeting the supply side—measures that have only had short-term effects and led to increased debt and poor investments in the real estate sector (Foreign Policy, 2025).