Editor’s Picks: Where Xi Jinping Is Taking the Chinese Economy

Read essays by Zongyuan Zoe Liu and Aaron Friedberg on Beijing’s economic policies—and how the United States can protect itself. [Foreign Affairs]( August 29, 2024 | [View in Browser]( [Subscribe now for unlimited access to our latest issue.]( For years, analysts have sounded the alarm on the Chinese economy, warning that factors including an aging population, a real estate crisis, and the country’s draconian “zero COVID” policies have led to today’s worrying economic stagnation. Presiding over this predicament is Chinese President Xi Jinping, whose authoritarian tendencies, observers argue, have exacerbated China’s economic woes. Two essays in the [new issue]( of Foreign Affairs examine what is driving Beijing’s latest economic policies—and how the United States should respond. In “[China's Real Economic Crisis](,” the political economist Zongyuan Zoe Liu argues that a decades-long economic strategy that emphasizes industrial production has burdened the country with enormous structural overcapacity—a long-term problem that the West can’t solve simply by erecting new trade barriers. In “[Stopping the Next China Shock](,” the political scientist Aaron Friedberg argues that Xi thinks about economic policy in terms of power, not prosperity—and that only by banding together in a trade coalition can democracies protect themselves against China’s predatory trade practices. Start reading below:   [Image]( [China’s Real Economic Crisis]( [Why Beijing Won’t Give Up on a Failing Model]( [By Zongyuan Zoe Liu](   [Image]( [Stopping the Next China Shock]( [A Collective Strategy for Countering Beijing’s Mercantilism]( [By Aaron L. Friedberg]( Prefer to listen? Look for the play button on the article page. Prefer to listen? Look for the play button on the article page. © 2024 Council on Foreign Relations | 58 East 68th Street, New York NY | 10065 To ensure we can contact you, please add us to your email address book or safe list.This email was sent to {EMAIL}. Receiving too many emails? Unsubscribe and manage your email preferences [here](.