Gordon Chang Commentary: The Chinese Economy Is Collapsing

Chinese ruler Xi Jinping has staked his rule on making China larger, by annexing neighbors. Taiwan is not his only target. He needs success to assure a precedent-breaking third term as the Communist Party’s general secretary, but the Chinese people, preoccupied by a failing economy, are in no mood for their leader’s aggression.

We start with the Party’s storyline that the relaxation of COVID-19 lockdowns is leading to an economic revival.

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