Joerg Wuttke has been one of Europe’s top businessmen in Beijing for more than two decades. He says China’s economic heyday is over.
One of Europe’s top business figures in China says there is no hope that anyone can influence President Xi Jinping to retreat from his aggressive foreign policy.
Wuttke said that although Xi had to service his domestic crowd with patriotic statements, he would assess the risks and costs of starting a war as too great. Xi was “not a man in a hurry when it comes to Taiwan”. “I guess that he will not make the mistake of going down the road that has unintended consequences as he has seen from the US in Iraq and Afghanistan: it is easy to start a war and it’s very difficult to end it and win it.”Wuttke counts Kevin Rudd among his friends and described Australia’s former prime minister and current ambassador to the US as one of the world’s top thinkers on China.argues China and the US can coexist without military conflict in the form of “managed strategic competition”.
“No, I see no possibility for anyone from abroad to influence him because the man has decided to be chairman of everything, and he makes the decisions,” he said.
Wuttke said Xi’s desire for total control would see the Chinese economy struggle, especially as the low-hanging policy fruits that had generated economic activity had already been plucked.
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