A nation must think before it acts.
FPRI’s Senior Fellow June Teufel Dreyer Quoted in Bloomberg News on Xi Jinping’s Political Economics
“Will Xi thought work in helping China navigate a once-in-a-generation economic shift away from a reliance on investment for growth to consumption and services? A problem is that he’s trying to cobble together incompatibles, says June Teufel Dreyer, a professor of political science at the University of Miami. Entrepreneurs in the nation became rich in part by exploiting workers so what happens if they truly become masters, she asks?
“No question that Xi has his eye on his legacy,” she said. “If he succeeds, Xi’s legacy may be almost as glorious as the over-the-top cult of Xi videos that are circulating. If he fails—hard times for China and possibly ignominy for him.””