China’s latest Two Sessions reveal a leader at a crossroads. For years, 习近平 doubled down on high growth and tech-driven exports, but the harsh reality of deflation and a shrinking population has finally forced his hand. In this video, we analyze why the CPC has lowered its GDP target for the first time in decades and what the “half-convinced” mindset—a term rooted in Cultural Revolution struggle sessions—tells us about the government’s current state of panic. From a massive pivot toward “cultural warfare” regarding Taiwan to a record-breaking abandon of fiscal discipline, 习近平 is finally compromising with reality—but is it too little, too late? We break down why these half-hearted measures to stimulate consumption and births are likely to fall short, leaving China’s “Great National Rejuvenation” on shaky ground.
Source: Half – Hearted Fixes: Why Xi is Still Underestimating Deflation | Digging into China
