Honeymoon is over for China’s post-pandemic recovery

China is now at a crossroads as Xi Jinping ramps up control over the private sector and encourages policies which benefit households rather than companies or the wealthy. (Image: Deposit Photos)

Australian Financial Review

Wed, 20 Oct 2021

It has been an unsettling few months for the Chinese economy.Floods, power cuts, supply chain issues and covid-19 outbreaks have played havoc with the schedules of the factories, steel mills and ports which make up the country’s export machine.At the same time, Beijing has been ordering production cuts to meet carbon emission targets, while President Xi Jinping has tightened his grip over the private sector and ordered officials to prioritise households over companies as part of a wealth equalisation strategy.But the biggest worry is a sl...

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