The Australian's Foreign Editor Greg Sheridan says President Xi Jinping has “reasserted” a “suffocating authoritarianism” across China’s economy and society which is slowing down growth. “Big society like China … the most efficient way to allocate resources is through market mechanisms and price signals,” Mr Sheridan told Sky News host Andrew Bolt. “Instead of which Xi has reemphasised the dominance of the Communist Party over the government, the dominance of the government over the corporations and the dominance of the party over the whole economy. “As a result, you are getting irrational top-down decisions.”
The Australian's Foreign Editor Greg Sheridan says President Xi Jinping has “reasserted” a “suffocating authoritarianism” across China’s economy and society which is slowing down growth.
“Big society like China … the most efficient way to allocate resources is through market mechanisms and price signals,” Mr Sheridan told Sky News host Andrew Bolt. “Instead of which Xi has reemphasised the dominance of the Communist Party over the government, the dominance of the government over the corporations and the dominance of the party over the whole economy.
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