Commentary
Two months after Chinese leader Xi Jinping secured his third term at the 20th National Congress in October last year, he abruptly abandoned his “zero-COVID” policy. This U-turn shocked many, but perhaps only some people noticed that Xi made similar policy changes in two other key areas: the economy and foreign affairs. If we look closely at these three major adjustments, the underlying reason is the economy.
To quickly boost the economy, that is, to resume manufacturing and import/export products as soon as possible, the Chinese Communist Party (CCP) suddenly lifted all COVID-19 restrictions and allowed the disease to sweep through China like a tsunami….