Crisis in Shanghai? Xi Jinping Hastily Stabilizes, Unable to Resolve Nine Major Issues

Crisis in Shanghai? Xi Jinping Hastily Stabilizes, Unable to Resolve Nine Major Issues

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Since Xi Jinping's ascent to power in China at the end of 2012, his governance has been characterized by ineffective centralized authority. During the three years of the pandemic, Xi's strict lockdown measures severely impacted the Chinese economy. A year has passed since the abrupt abandonment of the 'dynamic zero-COVID' policy, yet China's economy remains sluggish. The economic data from Shanghai and the Yangtze River Delta region shows a picture of stagnation.