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Can China go it alone under Xi's new economic plan?

Can China go it alone under Xi's new economic plan?

After fending off a second wave of coronavirus, Xi Jinping's next challenge is insulating the world's second-largest economy from a global recession and US aggression.

Chinese President Xi Jinping in Shenzhen to signal the country's new economic direction. Xi must manage China's highest unemployment and slowest growth in decades. AP

Michael SmithHealth editor

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It is no accident China's President Xi Jinping chose the southern city of Shenzhen this week to emphasise the changes coming to the way he manages the world's second-largest economy.

Even by Chinese standards this high-rise megalopolis just across the border from Hong Kong is an impressive symbol of communist China's embrace of capitalism over the past 40 years.

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Michael Smith
Michael SmithHealth editorMichael Smith is the Health Editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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Original URL: https://www.afr.com/world/asia/can-china-go-it-alone-under-xi-s-new-economic-plan-20201014-p564yb