Commentary
With Xi Jinping at the helm, it is unlikely China will recover economically or overtake the United States for several decades, if ever.
From 1980 to 2019, China’s average GDP growth rate was 8 percent. In recent years, annual growth rates have been in decline. And this year, China is expected to post the lowest numbers in decades at possibly less than 3 percent.
Xi’s complete lock on power means the country will be steered toward his future vision: greater security and forcible unification with Taiwan. Improved economic growth is not as high of a priority despite Xi’s call for China to become an upper-middle-income country by 2030….