Pessimism in China: implication for Xi’s Leadership

This podcast was produced before the passing away of former prime minister Li Keqiang. It is conducted by Kjeld Erik Brødsgaard from the Department of International Economics and Management at Copenhagen Business School, Jean-Pierre Cabestan from Asia Centre, and Jean-François Di Meglio, Chairman of Asia Centre.

Topics covered in the podcast:

• Young people’s frustration and pessimism results in a brain-drain
  (Young graduates escape ; Frustration and pessimism ; End of growth ; 0 Covid policies ; people don’t consume but save because of unemployment ; anxiety because of possibilities of war)
• Economic apprehension transitions into political concerns, influenced by Xi's government
  (Economic anxiety switch to a political one ; Elites place in the party ; Continue corruption of military ; Xi’s successor)
• A population left disheartened, if not alarmed, by the handling of global diplomacy
  (Crackdown of cultural activities ; Competition with the US ; Close friendship with Poutine)

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