Xi Prepares To Manage China’s Economic Decline
In recent years, China has almost certainly pivoted from consistent growth to slow decline. And it’s doing so with a remarkably overindebted financial system. Pivoting from growth to decline isn’t as big a deal if debt levels are low and companies run lean. However, this pivot can be extremely damaging if debt levels prevent financial and operational flexibility. This is the situation President Xi find himself in as he attempts to manage China’s economic decline.