Why China’s social insurance mandate will ignite its economic meltdown
Why China’s social insurance mandate will ignite its economic meltdown
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China’s rulers have retreated to Beidaihe, their seaside hideaway, as the regime faces one of its most dangerous moments in years: floods in the north, a chikungunya outbreak in the south, drought in Henan, and open defiance in the streets. Now, Beijing is unleashing a crushing new social insurance mandate that could wipe out millions of small businesses overnight. For many, it’s not insurance—it’s an economic death sentence. And as anger boils, the Party’s grip is starting to crack. In Yunnan, one man was even spotted in public holding a poster that read: “Xi Jinping, Out.”
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